The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event where the Core Team unveiled several ecosystem updates.
According to CoinMarketCap, Pi’s 8-day trading volume has fallen below $100 million — with just $46 million exchanged on Sunday alone.
This steady decline in interest suggests weakening momentum, supporting a bearish Pi Coin price prediction for the near term.
Daily token unlocks for Pi will remain quite high until July 10, meaning that the selling pressure could accelerate this week until the rate at which the token’s supply is increasing decelerates.
On this date, 14.6 million tokens will be released to the market. A day after, that figure will drop to 10.6 million and will progressively decline to just 4 million by August 4.
This reduced selling pressure could help cushion the impact of further declines.
Pi Coin Price Prediction: Pi Breaks Below Key Support and Could Retest Its All-Time Low
Pi’s 4-hour chart shows a bearish breakout off a key support level at $0.475 that could anticipate an upcoming retest of the token’s all-time low of $0.40.
During Pi Day, the Core Team launched a controversial zero-reward staking program through which users can rate their favorite Pi ecosystem apps without receiving any benefits for doing so.
This is probably an unheard proposal in the crypto ecosystem, as staking mechanisms always offer a reward for investors in exchange for helping secure a network or reduce a token’s circulating supply.
Looking at technical indicators, the Relative Strength Index (RSI) is still below 50 and heading downwards after retesting and rejecting a move above $0.475. This failed retest favors a bearish Pi Coin price prediction and increases the odds of a move to $0.40.
With Pi struggling to meet expectations and losing momentum on the charts, some traders are shifting focus to fresher opportunities with bigger upside.
One crypto presale is turning heads by parodying the financial elite — and it might just deliver serious gains.
Token6900 (T6900) taps into a new wave of internet-native investing, where community, humor, and “vibes” can turn a worthless meme into a high-value digital asset.
Token6900 Raises More Than $200K to Launch the Purest Meme Coin
Tired of grinding in a 9-to-5 job that pays you for squeezing your brains out so your boss can pay for his house remodeling job?
Token6900 is your way out of misery and into a fantasy world where money is no longer in control of big institutions. Instead, the masses can now print their own currency, one inspired by 2000s nostalgia and fed by nothing but pure hope.
The system has failed you, but you can believe in T6900. Why? You don’t have many choices to get out of where you are right now.
Token6900 is the purest meme coin. No promises and no utility because guess what – you are the utility. It offers nothing and yet it is everything you are looking for.
To buy $T6900 and become a part of a new category of cryptos that capitalize on peak brainrot finance, head to the Token6900 website and connect your wallet (e.g. Best Wallet).
You can either swap USDT or ETH or exchange your fiat to make your investment.
The post Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good? appeared first on Cryptonews.
Credit: Source link