The crypto market slipped into the red zone today, after Israel’s latest strike on Iran. This has triggered widespread sell-offs, and Bitcoin is down 3.5% to $104,209, while major altcoins have fallen between 6% and 9%. Pi Coin has also dropped around 13% in the last 24 hours, now trading at $0.5506.
Analyst Dr. Altcoin said that the strike has had a direct impact on Pi and the broader market. He warned that if Iran retaliates, prices could fall even further. Over the past week, Pi is down 11%, and it has lost 56% of its value over the past month.
The conflict in Iran, combined with delays in the Pi mapping migration in Chinese-speaking regions, could have contributed to the sharp drop. However, this could also be an opportunity to stack Pi at a discount.
But Pi coin appears to be in a clear downtrend, due to both macro tensions and technical weakness. Most technical indicators are signaling a sell. It is currently trading below all major short-term and mid-term EMAs and SMAs (from the 10-day to the 100-day range), all of which are signaling sell.
The MACD and Momentum indicators also suggest further downside, while the RSI at 32 shows that Pi is nearing the oversold territory. Unless market sentiment improves or strong buying returns, the bearish trend is expected to continue.
There have been rising doubts around its valuation model. Dr. Altcoin has dismissed the idea of a Global Consensus Value (GCV) as completely unrealistic, and an “economic impossibility.”
Many users expect the Core Team to break its silence on the GCV debate on the upcoming Pi2Day on June 28, 2025, as the Pi open mainnet launch is expected within the same timeframe.
Analysts warn that without a major update, the price could fall further to $0.40 by late August. But a recovery may follow as token unlocking slows down during the same period, which could reduce selling pressure and help restore investor confidence.
If updates on mainnet activation, merchant tools, or GCV clarity are shared, they could reshape how Pi is perceived and valued.
A broader crypto market rally could help lift Pi along with other altcoins. Rising social media activity is another positive signal. Furthermore, a possible exchange listing could also trigger a short squeeze similar to what was seen with other coins.
Pi Coin’s price is down today, around 13% to $0.5506, due to the broader crypto market downturn caused by escalating Middle East tensions (Israel’s strike on Iran) and internal factors like delays in the Pi mapping migration.
Analysts warn that without major updates or improved market sentiment, Pi Coin’s price could fall further to $0.40 by late August. Technical indicators suggest a bearish trend, with most signaling a sell.
Pi2Day is on June 28, 2025. Many users expect the Core Team to address the GCV debate and potentially announce updates on the Pi open mainnet launch around this time.
July 7, 2025 12:21:59 UTC Pi Network Unlock Schedule Alert Between June 28 and July…
It always starts the same way. A few whispers in Telegram groups. A couple of…
Ethereum price is heating up. In the past seven days, ETH has gained over 4.5%,…
Ethereum is enjoying a bullish rebound, influenced by a potent mix of institutional inflows and…
Banco Bilbao Vizcaya Argentaria (BBVA), a multinational Spanish bank, recently launched crypto trading (Bitcoin and…
The financial world is bracing for a pivotal moment on July 09, 2025, when the…