Price Prediction for PI Coin: Will the Controversial Currency Soon Prove Everyone Wrong?

The Pi Network coin (PI) has performed poorly over the past month, with a loss of 32.4% after falling below the important support level of $0.60. The community has been disappointed because the Pi Core team has not provided updates and there have been no additional initiatives to develop the ecosystem since the mainnet was publicly launched. Even the most ardent supporters emphasize that Pi could continue to fall to $0.40 unless the development team makes some positive announcements at the highly anticipated event called Pi Day or "Tau Day" scheduled to take place on June 28. In this event, the team may reveal their latest efforts to further expand the Pi Network ecosystem.

Data from PiScan shows that 263 million Pi tokens worth approximately $143 million will be unlocked this month. This is the highest monthly volume that will be added to the supply of Pi until September 2027 when another 310 million tokens will be released. In addition to the falling trend due to rising tensions in the Middle East, this may also be one of the reasons why Pi has fallen sharply recently. Despite this recent weakness, the community still believes that some announcements on Pi Day could boost the price forecast of Pi. Price Prediction for Pi Coin: Pi Could Rise to $0.60 If This Happens Pi has reached an important resistance level in the past few hours at around $0.55. This is the most important resistance level to watch for this token because if it surpasses this level, it will confirm the upcoming rally to $0.57 in the near future.

The 9-period exponential moving average (EMA) has risen above the 21-period exponential moving average. This is a buy signal known as a 'golden cross' that confirms a change in momentum and the direction of the price trend. Next, the $0.57 level will be the main resistance level that the buyers must overcome, and this is the confluence area where the 200-period EMA also lies. If Pi surpasses this level, it will support the prediction of Pi Coin's price rising, seeing this token increase to $0.60. Meanwhile, any major announcement on Pi Day could cause the token price to increase by at least 1 dollar for each coin as the community will be expecting a significant move if the team shares some exciting news.