Bullish Pi coin price forecasts are losing steam, with no strong fundamentals or major catalysts to defend its position as a front-running altcoin.
As global investment markets relied on Trump’s 90-day “tariff war” pause, PI saw a 20% surge during Wednesday trading to a $0.66 peak.
While this move opened the door to fresh liquidity, sentiment quickly cooled. A likely “sell-the-news” event has since dragged prices back below $0.60.
Most market participants appear content to stay on the sidelines, putting PI’s place in the “best crypto to buy” conversation under pressure.
Pi Network (PI) bearish weighted sentiment. Source: Santiment.PI Price Analysis: Why Traders Eye an All-Time Low
This lapse in momentum continues Pi coin’s 6-week-long descent within a well-defined descending channel.
PI / USDT 1-day chart, descending channel. Source: TradingView.With two failed breakout attempts and a false breakdown last week, buying pressure has proven too weak to break the pattern convincingly.
The descending channel forecasts potential highs around $1—a 70% gain from current levels—but indicators suggest a bleaker short-term outlook.
The Relative Strength Index (RSI) has trended sideways below the neutral line for over three weeks, currently holding under 40—evidence that selling pressure still dominates.
Without a strong catalyst or renewed optimism in the broader market, Pi coin looks increasingly vulnerable to another leg down.
The broader PI ecosystem continues to struggle with adoption. Its price action remains largely speculative, lacking a meaningful use case to sustain long-term growth.
Despite 86% approval in a recent community vote, Binance continues to withhold a listing—underscoring the lack of confidence in Pi’s long-term viability.
A decline from current levels would put the $0.40 support at risk and open the door to fresh all-time lows around $0.35—a 40% drop from where it trades now.
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