Pi Price Prediction: Top Community Member Believes PI Will Drop to $0.40

Pi Coin (PI) has gone down by 33% in the past month and has dropped below a key support at $0.60 as the community has been disappointed by a lack of updates from the Pi Core Team and delays in the migration of Pi tokens to the public mainnet.

One notable supporter of Pi whose pseudonymous handle on X is Dr Altcoin shared a bearish Pi price prediction that could result in a 25% loss drop from current levels.

According to this community member, the price of Pi Coin could drop to $0.40 if the Pi Core Team fails to surprise investors with new initiatives to grow the Pi ecosystem during the widely awaited June 28 event called “Pi Day”.

After the public mainnet was launched in February, the developing team has only shared minor news that they have sold as “big” but have failed to dazzle the market.

Meanwhile, top exchanges like Coinbase and Binance have refused to list Pi as the network as the project has not met their criteria from a technical standpoint. Primarily, a lack of transparency has been cited as one of the main reasons for a delayed listing.

Pi Price Prediction: Key Levels to Watch as PI Bounces Off $0.53

Looking at the hourly chart, we can see that Pi Coin has been making lower highs for days and the downtrend has been accelerating after the token dropped below the 200-period exponential moving average (EMA).

However, it appears that Pi has hit a key support at around $0.5230 from which it has bounced four times already.

If the 9-period EMA stays above the 21-period EMA, this would support a bullish outlook that could lead to a full recovery to the $0.60 level depending on how strong the buying pressure at this level is.

That said, with only 8 more days to go before Pi Day, the expectations are building up for what the developing team could bring to the table. Another disappointment and Dr. Altcoin’s Pi price prediction of $0.40 may come to fruition.

Momentum indicators have been improving as the Relative Strength Index (RSI) moved above the 14-day moving average. This indicates that the uptrend is gaining strength, which favors a bullish outlook as well.

Pi still has a lot to prove and not much to show for at the time. However, this top crypto presale called Bitcoin Hyper (HYPER) has already made significant progress in raising the capital it needs to launch a layer-2 chain for Bitcoin.

Bitcoin Hyper (HYPER) Captivates Investors with Its Solana-Based L2 to Power BTCFi

Bitcoin Hyper (HYPER) was born to unlock the untapped potential of Bitcoin’s decentralized finance ecosystem.

From meme coins to decentralized exchanges (DEXs), this project leverages the efficiency and security of the Solana blockchain to create a secure L2 through which Bitcoin tokens can be safely stored and transferred.

Bitcoin Hyper has raised $1.4 million since it was launched less than a month ago. Its architecture is designed to host powerful dApps that use Bitcoin as their native asset to expand the top crypto’s ecosystem.

The demand for $HYPER is expected to surge once this solution is embraced by top exchanges and wallets to offer liquid staking, lending, payments, and other similar features and services.

To buy $HYPER at its discounted price, head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.

Alejandro Ar