The post Why Pi Coin Price is Down Today? appeared first on Coinpedia Fintech News
Pi Network Latest News:
Pi Coin price is facing volatility ahead of the most awaited Pi2Day event scheduled for tomorrow. Despite the bearish turn in the past few hours, Pi managed to gain mass community favor, emerging as the most bullish crypto in the top 100 on CoinMarketCap, with over 4.1 million bullish votes. Talking about fundamentals, Pi Browser has received a major upgrade that allows users to manage their account entirely with the help of Pi network’s ecosystem. Curious about where the Pi coin price is heading next? Join me as I decode the possible price targets for the short term.
Social Dominance: Pi’s Biggest Strength?
With traditional on-chain data still limited due to Pi Network’s partially closed mainnet, social metrics serve as a key sentiment barometer. According to Santiment, Pi Coin’s social dominance chart shows sharp spikes between June 19–21, with values climbing to 0.85% at peak. This intermittent surging, as we know, highlights growing online discussions, most likely fueled by Pi2Day anticipation. Although not consistent, these sudden bursts of social chatter reflect an environment of speculative optimism.
Pi Network Price Analysis:
Pi Coin is presently trading at $0.5556, down 4.64% over the last 24 hours. Its market cap has declined by 8.54% to $4.2 billion. At the same time, the 24-hour trading volume stands at $188.24 million, with a drop of 38.42%.
The coin witnessed a daily low of $0.5453 and a high of $0.6104, showing a wide intraday range. Currently, Pi faces crucial resistance at $0.64. A successful breakout could pave the way toward $0.70. However, on the downside, failure to hold above $0.50 could push the token down to $0.49.
Also read our Pi Network Price Prediction 2025, 2026-2030!
FAQs
The Pi2Day event is a major community milestone, often driving speculative hype. Traders are positioning early, leading to sharp price swings.
The Pi coin price today is at $0.5556 with an intraday change of -4.64%.
Traders need to make a note that $0.64 acts as resistance. Breaking above may lead to $0.70. Contrarily, losing $0.50 support could drag the price to $0.49.