Pi Coin Price Prediction: What Will Happen Next After a 31% Drop?

Pi Network has faced a shocking bearish recently, leaving many in the community stunned. In the past 24 hours, the value of Pi has fallen by 2%, and over the past week, it has plummeted by 31%. Many are now wondering what has caused this decline—Is this just another fall in the crypto market, or is there something else going on? While Pi had stabilized at around $1.50 for a while, it has now fallen sharply. This price drop is not just an issue for Pi; the entire crypto market is witnessing a decline, with major coins like Bitcoin and Ethereum also losing value. The broader market is affected by factors such as rising inflation, higher interest rates, and ongoing uncertainty in the global financial situation. Moreover, Pi Network faces challenges such as limited exchange listings, a slowing Know Your Customer (KYC) verification process, and uncertainty regarding circulating supply. These issues have contributed to price instability and investor concerns. Pi Network has risen above $1 after dropping to $0.86. Currently, it is trading at $1.01. Despite the recent increase, Pi still faces resistance at $1.20. If it can surpass this, it may target $1.35, an important milestone. However, reaching this level may be challenging due to Pi's volatility. If it can break through $1.90, analysts predict it could rise to $3. However, there is still hope for the future of Pi. The upcoming mainnet launch could provide the much-needed boost. If the mainnet launch is successful and Pi can secure partnerships for real-world usage, it could achieve greater demand and stability. Additionally, regulatory clarity and listing on major exchanges will increase liquidity and make Pi more accessible to investors.