Pi Network (PI) is currently down 62.6% and trading 78.7% below its all-time high, as controversy and fraud allegations have triggered a wave of selling pressure.
Despite this, a leading crypto expert and longtime supporter of the project believes the team is actively working to regain control and stabilize the token’s price.
Dr. Altcoin, a well-followed figure on X, revealed that the Pi Core Team is currently absorbing excess supply flowing into centralized exchanges (CEXs) – a move aimed at easing sell pressure and restoring investor confidence.
According to him, this approach is already showing results, with the pace of PI’s decline noticeably slowing in recent days.
While challenges remain, this behind-the-scenes effort could be a key step in laying the groundwork for a stronger recovery – and potentially reigniting the long-term vision of a $100 PI.
In practice, this means that the team is buying the PI tokens that people are selling.
Is this good for PI? Depiste Dr. Altcoin’s support for this idea, it means that the project is spending a potentially substantial sum to artificially keep the price at a high level.
If they run out of resources or find this unsustainable, the sell-off could resume. Meanwhile, if the selling spree slows down, the strategy would pay off as it will restore the public’s credibility in the project.
PI Could Rise to $0.67 Next After Bullish EMA Breakout
As large CEXs like Binance and Coinbase have refused to list PI, its price has dropped substantially from an all-time high of $2.98 to $0.6352 as of today.
Looking at the price action, the price of PI has certainly been consolidating around the $0.60 area and seems poised to break above its symmetrical triangle after it rose strongly above the 21-day exponential moving average (EMA).
A bullish breakout could lift PI to the $0.65 range, with a further move toward $0.67 offering a short-term upside of around 6%.
Momentum is shifting in the bulls’ favor, with the RSI crossing above its signal line and the MACD histogram rising steadily for three consecutive days.
The team’s efforts to stabilize PI appear to be gaining traction, though reaching $100 would require a major shift in public perception, along with stronger support from exchanges and wallet providers to boost liquidity.
As PI works to regain momentum, a new meme coin offering passive Bitcoin rewards has already raised nearly $5 million – quickly becoming one of this year’s hottest crypto presales.
BTC Bull Token (BTCBULL) Offers Milestone-Based Rewards to Holders
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The first milestone is set at $125,000 first, at which point a portion of BTCBULL’s circulating supply will be burned.
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The post Can Pi Coin Still Hit $100? Expert Reveals How the Team Is Fighting the Sell-Off appeared first on Cryptonews.
