Pi coin price is on an extended decline, having recorded losses in three out of the last four days. The coin trades at -1.8% as of this writing, with its weekly returns at -2.7%. That is a harsh verdict for the coin, considering the recent recovery seen in the broader crypto market. For example, CoinMarketCap data shows that the cryptocurrency market capitalisation rose from $2.68 trillion to $2.98 trillion in the last seven days.
Pi Coin Price Cracks Under Negative Pi Network Sentiment
The divergence by Pi Network Coin price from the rest of the market in the last week exacerbates its weakening sentiment among investors. The Pi Network project has done little to reassure its supporters that its on course to deliver on the promises outlined in its rosy road map. In particular, the Map of Pi and merchant adoption numbers have failed to ignite the spark that could have pumped up Pi coin price.
The adverse sentiment has seen Bitmart delist Pi and Banxa suspend it. That is an extension of the previous actions by Binance and Bybit, the top-tier that have emerged as the epitome of cold feet against Pi.
In addition, the massive Pi token unlock in April has weakened the price upside traction by substantially increasing the supply. A total of 126 million Pi are to be unlocked in April, with 4.8 million coins set to enter circulation today. The monthly Pi coin unlock figure will rise to
Meanwhile, Pi Network is the official sponsor of Consensus 2025, one of the largest blockchain industry events globally. The Network’s founder, Nicolas Kokkalis will be the keynote speaker at the event, and his statement could inject fresh impetus into Pi coin price.
Pi Coin Price
Pi coin price pivots at $0.625 and the downward momentum favours the sellers to stay in control if resistance persists at that level. Initial support will likely be at $0.600. However, an extended downward momentum will break below that level, potentially taking the price lower to test $0.585.
Conversely, breaking above $0.632 will shift the momentum to the upside. That will likely see the first support come at $0.620. The downside narrative will be invalid if the price breaks above $0.632. The upside will likely encounter the first barrier at $0.644. However, an extended control by the buyers will go above that level and test the second resistance at $0.661.
