Will Pi Coin prove that everyone is wrong?

In the past month, Pi Coin has lost more than 32% of its value, falling below the important support level of $0.60. The main reason is believed to be the lack of updates and clear development strategies from the Pi Core Team since the public mainnet launch. Even the most loyal supporters warn that the price of Pi may continue to drop to the $0.40 mark, unless the development team announces positive news at the upcoming Tau Day (28/6) event – a day expected to mark a new turning point for the Pi Network ecosystem. Increased supply puts pressure, the market awaits news. According to data from PiScan, more than 263 million Pi worth approximately 143 million USD will be unlocked this month, the highest level until September 2027.

This supply pressure, along with geopolitical tensions in the Middle East, is adding further pressure on Pi prices. However, the community remains optimistic that a breakthrough announcement at Tau Day could reverse the trend, opening up the prospect of a price increase again. Technical signals reveal the possibility of recovery Currently, Pi is fluctuating around the resistance level of $0.55. If it surpasses this threshold, the price could rise to $0.57, and even approach the $0.60 mark in the short term. Notably, the EMA 9 has crossed above the EMA 21, creating a "golden cross" signal – a strong bullish reversal indicator.

If Tau Day brings positive information, the price of Pi could rise to at least $1, according to investors' expectations.