Pi Coin has taken a lower turn in recent times, and most of its indicators point to weakness. It is currently negotiated at $ 0.5745, down 4.5% in the last 24 hours. The RSI is at 35 years old, which shows that Pi is approaching the territory on disposal.
Pi fight below key support levels
Pi Coin has been negotiating on the side since May and has been down 20% in the last month. It is seated just above a key support area at $ 0.56. This level has been tested several times and is now a crucial level to monitor. If it breaks, the price could slide further at $ 0.40, which was the recent major major. The resistance remains strong between $ 0.75 and $ 0.80, and the bulls should recover this area so that any trend reversal begins.
Network Pi demand has also dropped in recent months. It had a daily volume of more than $ 3 billion during its peak, and the current volume is just more than $ 100 million. Gout comes as millions of new tokens are unlocked daily, which continues to add more sales pressure. According to Pi Scan, more than 337 million tokens should be unlocked in the next 30 days.
The PI network could take more than 5 years to become a real world currency, according to Dr. Altcoin. He stresses that Pi still lacks price stability, real world of real world and mass adoption. He must reach at least $ 10 to be practical in his ecosystem.
Will Pi reach $ 1000?
Some analysts remain extremely optimistic about the long -term potential of Pi Coin. Dr. Altcoin predicts that PI could reach $ 314 in five years depending on its community and solid fundamentals. Bitget predicts an even more optimistic $ 500 at $ 1,000 + by 2030, driven by integration DEFI and Fintech.
According to Coindcx, Pi Coin could reach $ 20 at $ 50 by 2040 if it sees an exponential adoption and becomes a traditional cryptographic asset. Although a price of $ 1,000 in the future is possible, it remains very speculative and would depend on PI maintaining significant momentum and carrying out a generalized public service.
