Pi Network has dropped by 3% in the past 24 hours, slipping to $0.6769 on a day when US President Donald Trump will announce the extent of new import tariffs.
PI has now lost 19% in the past week and 58% in the last 30 days, with the coin also down by 77% since reaching a record high of $2.99 on February 26.
Since this date, Pi Network’s price has suffered from a combination of macroeconomic headwinds (e.g. tariffs) and also a loss of internal momentum, with investors turned off by the lack of new exchange listings.
However, if PI can eventually attract support from the likes of Binance, it could return to former highs in due course.
How High Can PI Coin Go? Pi Network Might Be About to Shock the Crypto Market
Things have been bleak for PI for several weeks now, yet the upshot of this is that its indicators are all pointing towards a rebound.
Indeed, the coin’s relative strength index (purple) has been under 50 for a couple of weeks now, and in that time it has dropped below 30 on five separate occasions, including today.
Source: TradingViewThis means that PI is trading well below what its recent history suggests is a ‘fair’ price, with its 30-period average (orange) suggesting something very similar.
The latter continues to fall even further below the 200-period average (blue), again signalling that Pi Network is drastically underpriced relative to recent levels.
However, this kind of analysis doesn’t always work with cryptocurrencies, particularly those of questionable value and utility.
And Pi Network is one of these coins, despite its sizeable community.
Beyond the novelty of being able to mine it on your smartphone, it has yet to demonstrate a clear use case or a clear reason why it will attract meaningful adoption.
This is its big problem at the moment, and is one of the key reasons why Binance, Coinbase, Kraken and numerous other exchanges haven’t listed it yet.
And until this changes, Pi Network will struggle to recover in a concerted way, with the current uncertainty surrounding tariffs likely to send it even lower in the coming weeks.
It could drop to $0.60 by the end of the month, and potentially fall as far as $0.50 by June.
But if we do see one of the big exchanges list it, it could return to $1 and higher quite quickly.
New High-Potential Altcoins with Bullish Fundamentals
As shaky as PI looks right now, there are other new alts that could pick up the slack in the near future and make traders profits, even during the current climate.
Several of these new alts are presale coins, which in generating momentum during their sales can then go on to rally once they list for the first time.
One of the most promising coins in this respect is Meme Index (MEMEX), an ERC-20 token that raised $4.5 million in its sale.
Meme Index (MEMEX) has officially launched and is now trading on decentralized exchanges, marking the final chance to buy in at discounted prices before a potential move to major centralized exchanges.
What sets Meme Index apart is its unique approach: a decentralized platform offering four curated meme coin indexes tailored to different risk profiles.
Its Titan index tracks large-cap favorites like Dogecoin, Shiba Inu, and Pepe, while the Frenzy index targets newly launched meme coins with higher risk and reward potential.
Traders gain exposure by holding MEMEX, meaning demand for the token could rise significantly as awareness grows.
With the presale now over, MEMEX is available to buy on Uniswap through the official Meme Index website.
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