Oh, hello there! The Pi coin has been taking a beating, as if the cosmos itself decided to conspire against it. 🪐 A tidal wave of freshly minted tokens flooded the market, causing the PI price to plunge to a measly $0.341. Just hours ago! Imagine that—like a teacup in a hurricane. 💸
Over 19 million PI coins were released into circulation on August 1, which is like a small country’s population in terms of digital currency. The price dropped 13.75% in 24 hours, and over 20% in a week. Investors are now worrying so much they’ve started whispering to their coins for reassurance. 🧠
Pi Network Price Analysis:
Technically speaking, Pi price has slipped through the cracks of its support structures. The breakdown below the Fibonacci 78.6% retracement at $0.389 opened the doors to $0.35, now hovering at $0.3491. The RSI is so oversold it’s practically begging for a miracle. 🙏
Meanwhile, Pi remains isolated from broader crypto trends, like a kid stuck at a party with no friends. Bitcoin dominance is rising, leaving altcoins like Pi in the dust. Pi’s 30-day correlation with Bitcoin is -0.27, which is like being a ghost in a room full of ghosts. 🕸️
If the $0.32 support fails, Pi could fall into panic selling. But fear not! Reduced daily unlocks in September (5.3M/day) may ease pressure. It’s like a slow drip of hope. 💧
Coming to the price targets, if Pi coin manages to reclaim the $0.4022 resistance level, bulls will have significant control. And who knows? Maybe it’ll moonshot to $0.52. Or $0.64. Or a very long shot to $1.00. 🚀
FAQs
Why Did Pi Coin Crash So Sharply? (Spoiler: The Universe Is Joking)
A massive token unlock of 72M this week flooded the market, triggering a sharp selloff. 🪐
Is Pi Coin Oversold Now?
Yes, with an RSI of 26.02, Pi is at its most oversold level since June 2025. It’s practically a crying baby. 🥺
What’s the Key Support to Watch?
$0.32 is a crucial support. A break below may lead to panic selling toward $0.30 or lower. Or maybe even $0.25. Who knows? 🤷♂️
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2025-08-02 15:06