Pi Coin recorded 4.5% gains in the past 24 hours, currently trading at $0.5335. This growth follows a broader crypto market rally over the news of a ceasefire between Iran and Israel. While the short-term spike has sparked bullish hopes, Pi’s overall trend remains weak.
Most of the technical indicators show a bearish picture and there is limited bullish momentum for now. It has lost 7% in the past week and is down 30% over the past month.
Pi Coin Rises, But Trend Remains Weak
Pi witnessed a brief rally in May, but it faded quickly and the price has been dropping since then. Throughout June, the price moved mostly sideways, hovering between $0.50 and $0.60, with low trading volume. If Pi can break through short-term resistance around $0.60, it could signal the start of a bullish reversal. But if support near $0.50 breaks, it could revisit lower levels.
Dr Altcoin recently shared that Pi Coin is officially in the $0.40 price range. He expects it to stay there until at least the end of August. Despite the growing speculation around the Pi2Day, he believes that it is unlikely to have any impact on the token’s price.
Pi2Day Could Trigger a Price Move
The upcoming Pi Day 2 on June 28 could be a key catalyst for Pi Coin. It often brings big updates from the Pi Core Team. This year, it also lines up with the end of the .pi domain auctions, so a major announcement is likely. If that happens, it could push the Pi price higher.
Can Pi Reach $50?
According to CoinDCX, Pi Coin has the potential to rise in 2025. But the growth will be slow and tied to key events like mainnet expansion and big exchange listings. If momentum picks up, prices could reach $0.75 to $1.20, or even $1.50 to $2.00. However, without major updates or if the selling pressure returns, especially from token unlocks, Pi could fall back to $0.60–$0.70 by year-end.
While it is too early to predict, if Pi becomes a widely adopted crypto asset, CoinDCX predicts that Pi coin could reach $20 to $50 by 2040 and could even reach $100 or more by 2050.
