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Pi Network coin (PI) has experienced a significant decline over the past month, with a drop of 32.4% after falling below its crucial support level of $0.60.
The community has expressed dissatisfaction due to the absence of updates and additional ecosystem development initiatives from the Pi Core Team since the public mainnet was launched.
Even the most dedicated supporters have pointed out that Pi could potentially decrease to $0.40 unless the development team makes a favorable announcement during the highly anticipated event known as Two-Pi Day or “Tau Day,” which is set to occur on June 28.
At this event, the team may reveal its latest efforts to further enhance the Pi Network ecosystem.
According to data from PiScan, 263 million Pi tokens valued at approximately $143 million will be unlocked this month. This represents the highest monthly volume that will be added to Pi’s supply until September 2027, when an additional 310 million tokens will be released.
In addition to the downward trend driven by escalating tensions in the Middle East, this could also be a contributing factor to Pi’s recent sharp decline.
Despite this recent downturn, the community remains hopeful that significant announcements on Pi Day could lead to a positive price outlook for Pi.
Pi Coin Price Prediction: Pi Could Rise to $0.60 If This Happens
Pi has recently encountered a significant resistance level around $0.55. This is the most critical resistance to monitor for the token, as a breakthrough would indicate an imminent move towards $0.57 in the short term.
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The 9-period exponential moving average (EMA) has crossed above its 21-period counterpart. This is a buy signal referred to as a ‘golden cross’ that indicates a shift in momentum and the direction of the price trend.
Next, the $0.57 mark will be the key resistance for bulls to surpass, as this area also coincides with the 200-period EMA. If Pi manages to break above this threshold, it would support a bullish price prediction for Pi Coin, suggesting a rise to $0.60.
Meanwhile, any major announcement on Pi Day could propel the token to at least $1 per coin, as the community anticipates a significant movement if the team shares exciting news.
Regardless of whether it is PI or another cryptocurrency, ensuring the safe storage of your tokens is essential. A new crypto presale called Best Wallet (BEST) offers a robust and innovative Web 3 crypto wallet that features appealing tools and functionalities.
Best Wallet (BEST) Prepares to Wrap Up Its Successful Presale With More Than $13M Raised
Best Wallet (BEST) is a powerful Web 3 storage solution that provides access to the most innovative tools to assist investors in discovering new opportunities in the markets.
This wallet accommodates assets from over 60 blockchains and offers low fees for token swaps. Additionally, the development team has created a tool named ‘Upcoming Tokens’ that enables investors to identify the most promising crypto presales.
It has already identified successful offerings such as Pepe Unchained (PEPU) and MIND of Pepe (MIND).
As this solution gains traction within the crypto community, the demand for its utility token, $BEST, is expected to surge. Therefore, early purchasers who take advantage of its discounted presale price stand to gain the highest returns.
To acquire $BEST, simply visit the Best Wallet website and connect your wallet (e.g., Best Wallet).
You can either swap USDT or ETH for this token or utilize a bank card to invest.
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