Picoin prices have cooled down: Why traders expect another plunge

Picoin has experienced another crazy day. At one point, it surged more than 11%, then reversed, giving up almost all of its gains. The price is currently at $0.0755, down about 8.5% in the past 24 hours. This was worse than the overall cryptocurrency market, which fell only slightly.

The problem is that buyers simply cannot get any motivation. Momentum is weak, trading volume is small, and there is no new news that can really boost this asset.

The situation became worse when the Picoin price fell below the key moving average over different time frames. This completely reversed the overall trend and made it clear downward.

People are still nervous and there is a lot of discussion about supply issues for the project. Now traders are beginning to wonder whether every time Picoin rebounds slightly, it is just an opportunity for sellers to re-enter and lower the price again.

How did the Picoin price perform in the first and second quarters?

Pi coin performed poorly in the first half of 2026. The price was above $0.20 at the beginning of the year, but it never really started. Prices continue to hit lower highs and lower lows, and people begin to lose confidence.

March brought a glimmer of hope, when the price of Picoin soared to nearly US$0.30, its best performance of the year. But the good times will not last long, and buyers will not be able to hold on to the increase. Sellers quickly returned, smoothed out all the gains in just a few days, and pushed the price of Pi coins back below US$0.20 by the end of the month.

The situation has not improved since then. Every time the Pi coin attempts to rebound, it will encounter resistance and fall back. By July, prices had fallen to about $0.076, the lowest point for the year.

If you look at the overall situation, the seller has been in control of the situation for six consecutive months. There is no sign of any real reversal yet.

Why analysts believe that every Pi rally is likely to be sold off

This technical background explains why market analyst Travladd believes that any short-term recovery should be treated with caution. In his view, Pi coins continue to suffer from oversupply, making it difficult for buyers to maintain momentum after prices recover.

Short-term charts support this view. Picoin prices are trying to recover towards the fair value gap (FVG) created during the recent sell-off.

Traders often view these gaps as areas that prices may re-touch before dominant trends resume. Above the region are two resistance levels and a bearish order block, creating multiple obstacles that buyers must overcome.

Momentum indicators also remain weak. Although the MACD bar chart has begun to improve after several consecutive trading days of negative momentum, the indicator has not yet generated a convincing bullish confirmation signal. Unless Pi clears the resistance zone above the FVG, another rejection will keep the broader bearish trend unchanged.

Why Picoin is still difficult to attract buyers

The biggest challenge facing Picoin prices remains supply. Community members continue to point out the token economy of the project, noting that only about 4.7 billion PIs are currently in circulation, accounting for about 4.7% of the maximum supply of 100 billion PIs. This means that there is still a large amount of future supply expectations entering the market.

"Don't invest your hard-earned money in Pi Network. Every time you invest, Pi's core team scammers will use million-level tokens to raise the price and steal your money. Be wise!"

"Pi has only 4.7 billion coins in circulation, with a total supply of 100 billion coins. This means only 4.7% of total supply. Don't worry about it..."

Additional token unlocking exacerbates these concerns. More than 127 million Pi coins are about to be unlocked, not including the approximately 1.2 billion that were originally expected to enter the market this year.

At the same time, the Pi coin has plunged from its all-time high of US$2.99 in February 2025 to about 8 cents now, a drop of more than 97%. Its total market value has fallen below US$1 billion.

In addition, the project continues to be questioned by critics. People are frustrated by the slow progress, the KYC process is still a bottleneck, major exchanges have not yet launched Pi coins, and the ecosystem has not developed as many expected. Some community members say all this is scaring off large investors.

Unless there is real demand and clear signs of progress, most traders are reluctant to touch Picoin even at these low levels.

Picoin Related News:

But if they fail to break through these levels, sellers are likely to take over again, pushing Picoin prices back to their lowest point of the year.

For now, it all boils down to one question: Can new demand keep up with the speed at which all new tokens enter the market? This will determine the next step for Picoin.

Frequently Asked Questions

Can Pi coins reach US$10?

In theory, it is possible for Picoin to reach US$10, but this requires a market value of more than US$70 billion to make it one of the largest cryptocurrencies in the world. This is likely to require major exchanges going online, widespread merchant adoption, and ecosystem growth that is stronger than the current network.

Can Pi Network recover in the future?

The recovery of the Pi Network will depend on several factors, including the successful launch of smart contracts, continued growth of the ecosystem, the launch of exchanges, user adoption rates, and whether demand can absorb a large number of PI tokens entering circulation.