Predictions for Pi Network price: Why the price may continue to fall on June 28

Pi Network (PI) is currently facing a serious risk of collapse. In the past three months, the amount of PI on centralized exchanges (CEX) has increased by 30%. At the same time, trading activity has fallen sharply. Therefore, analysts warn that PI may fall further, potentially down to a low of $0.40. CEX reserves increased by 30% In the past three months, the number of PI coins on centralized exchanges has rapidly increased, from about 263 million in March to 345 million, which is an increase of 30%. Typically, when coins are transferred to exchanges in large quantities, it is a sign that sellers may be preparing to sell cash. Interestingly, the increase in supply of this exchange is also driven by the outflow of funds from wallets connected to the Pi Foundation group. Although the reasons for these moves are unclear, some traders are concerned that the group may be preparing to sell off some of their holdings. Trading volume fell 90% – A red flag When there are too many coins flooding the market, prices often fall. And when trading activity dwindles, that risk is even greater. It has fallen from over $5.4 billion to under $500 million in a few weeks, which is a 90% decrease. When few people are buying and selling, the market becomes weak. Even a small sell-off can cause prices to drop sharply. June 28 is now the decisive day. Meanwhile, analyst Dr. Altcoin from Pseudonyms Crypto believes that Pi could fall to a low of $0.40, especially if there are no major updates or announcements from the development team at that time.

Others are still hoping the price will rise back to $1.70, but the current outlook seems bleak. As of now, the Pi coin is trading at approximately $0.56, reflecting a fall of 1.4% in the past 24 hours, with a market capitalization of $4.13 billion.