The post Pi Coin Crashes 5% Amid Security Concerns, Is Dip to $0.40 Next? appeared first on Coinpedia Fintech News
Pi Coin is currently trading at $0.6149, down 5% in the last 24 hours. It has dropped 62% from its 2025 high and is down 80% from its all-time peak. Every day, millions of new Pi tokens are being unlocked, which is having a negative effect on price.
Pi Coin Struggles Below Key Averages
Currently, it is sitting below all major moving averages, including the 10-day EMA at $0.6612 and the 50-day EMA at $0.7729. This indicates ongoing bearish momentum. Oscillators are mostly neutral, with a few showing early bullish signs. The key resistance lies at $0.66, and a break above this could hint at short-term recovery.
However, if selling pressure continues, Pi could drop to the critical support level near $0.57. Overall, the price is consolidating under pressure and needs stronger buying volume to shift its direction.
Pi Coin To Face Short-Term Dip?
In May, Pi tried to reach $1 but was pushed back and dropped 11%. CoinCodex forecasts a short-term dip for Pi Coin, expecting the price to drop to around $0.49 within a month and hover near $0.50 over the next three months. However, CoinDCX suggests a close between $0.68 and $0.74 for June as volatility rises and buying interest returns.
In July, Pi is expected to stay mostly flat between $1.20 and $1.50, with some price swings picking up late in the month. It could climb close to $1.50 and finish July between $1.50 and $1.80.
Will Pi Drop to $0.40?
Dr Altcoin recently shared that the PCT may be using AI to handle KYC tasks now, which could be the reason why some Pioneers aren’t getting KYC requests anymore. The Pi community is waiting for a big Pi Day 2 announcement on June 28.
Without the news, he expects Pi to drop further and hit a low near $0.40 by August. But once the token unlocking slows after August, the selling pressure could ease and the price may rebound.
The Pi Core Team has recently issued a safety reminder for all users. They stressed that the wallet passphrase is private and also made it clear that they will never ask for passphrase, password, or verification code. Users are advised to only use official apps listed in the Pi Safety Center and avoid any unofficial platforms.
Users are recommended to only use the official Pi Wallet at wallet.pinet.com inside the Pi Browser. Besides, scammers cannot fake the official app URL or the unique look of the real wallet.