Will Pi Coin Price Continue Its Rally Amid Downtrend?

Pi coin extended its slide for yet another week, fueling unease among investors. However, one vocal expert has been vocal especially regarding what the team behind the Pi network can do in order to fuel bullish energy back into the cryptocurrency.

Pi Coin price has been struggling to find bullish momentum in the first week of June. An outcome rather similar to what happened in the first week of May.

But will the cryptocurrency sum up enough bullish momentum in the second week of this month just as it did in the second week of May?

Among the main reason why Pi coin has been struggling to find a bullish footing was the lack of confidence among investors. Especially among those who purchased the coin early on.

An expert analyst under the pseudonym Dr. Altcoin previously criticized the Pi core team for failing to do enough to boost confidence.

The same analyst believes he has a good solution that could shift the tide in favor of Pi coin holders.

The analyst believes that the Pi network’s success will depend heavily on whether the team can deliver something significant enough to reignite confidence.

Understanding the Investor Disconnect

Pi coin’s rising risk of losing investor confidence stemmed from various factors. The network launched its mainnet in February 2025. However, the core team has so far not issued any major updates regarding its progress since then.

Investors have also been eager to find out how the network has been fairing in terms of the level of adoption and dapp development within the mainnet ecosystem.

In addition, the bearish market conditions over the last few months weighed in heavily on the cryptocurrency. However, the declining investor confidence may have also been fueled by the failed attempt at a Binance launch.

Pi’s failed efforts to list on Binance and other top exchanges dented market confidence. The situation also highlighted risks associated with the core team’s lack of transparency.

Pi Coin Hovers Near Critical 3-Month Bottom Range But Risks Capitulation

Pi coin price slid by more than 3% this past 7 days which was significantly lower than its weekly dip in the previous week.

While the cool down signaled that it might be losing the bearish momentum, the downside risks were hardly over.

The cryptocurrency exchanged hands at $0.62 at press time. But while price demonstrated some support near the same zone, Dr. Altcoins highlighted a major reason why Pi coin could potentially lose the same support level if the Pi network core team fails to act.

While the prevalent bearish sentiment exhausted any bullish attempts, the analyst believes that lack of confidence may encourage pioneers to sell.

That outcome could run the risk of losing the current support and sending price closer to the $0.40 price level.

Can Pi coin regain confidence especially considering the current discounted levels? Spot market data across multiple exchanges revealed high levels of confidence among investors.

This was likely on account of optimism associated with the discount plus high expectations from Pi day towards the end of June.

However, it is worth noting that the worse may not be over for Pi coin. For example, the extensive vesting schedule means that the cryptocurrency will likely continue to experience price dilution.

The token unlocks have analysts wondering whether the Pi network core team will introduce a burning mechanism.

Or perhaps even adopt a new token standard that may eliminate the token inflation problem. A strong recovery may not be in the works for the Pi coin if its current issues remain unsolved and this will likely continue to influence investor sentiment.

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