Has Pi Coin Passed Its Worst Phase? Experts Reveal Key Support Levels

Pi has fallen sharply, down more than 80% since it peaked at $2.90 in February. With Pi currently trading at around $0.48, many people are starting to feel discouraged about the future of Pi Network. But according to an analyst followed by many, there is still a possibility that the price will not fall much further. Dr. Altcoin, a well-known analyst of Pi Network with over 46,000 followers on X, explained why he does not think the price of the Pi coin will fall below $0.40. He stated that the Pi Core Team, which controls 90% of the total supply of PI, has a valid reason to keep the price above this level.

If the price of Pi falls below $0.40, this could cause the project's market capitalization to slide out of the top 30. This would make Pi Network appear riskier to investors and could harm its momentum in the market. For this reason, Dr. Altcoin believes that the Pi Core Team will do everything possible to support the price of Pi above $0.40. When Can the Price of Pi Start to Rise Again? The analyst also shared his thoughts on when the price of Pi could begin to recover. He stated that the price of Pi is likely to remain around 0.40 dollars until the end of August. After that, he hopes it will start to gradually increase. According to him, this will happen because Pi unlocking, the process of releasing new PI coins into circulation, will start to slow down. With fewer coins on the market, selling pressure may ease, helping the price of Pi to rise again more easily. While the Pi coin has faced a significant fall, some experts believe that the worst may soon be over. If the Pi Core Team can keep the price from falling below $0.40 and if the unlocking rate slows down as expected, the Pi coin may begin to recover slowly in the coming months. For those who closely follow the price of Pi Network, the end of August could be a crucial turning point.