Pi Network Plummets 13% Amid Israel Strikes – Is This a Buying Opportunity?
Pi Network just took a nosedive—dropping 13% as geopolitical tensions flare. Here''s what crypto traders need to know.
Market Shockwaves Hit Pi
When Israel launched strikes, Pi Network''s token got caught in the crossfire. The ''people''s crypto'' proved just as volatile as its centralized counterparts—because nothing says decentralization like panic selling with the herd.
Where''s the Bottom?
Traders are scrambling to determine support levels. With mainstream media blaming the dip on Middle East instability (and conveniently ignoring the whales who likely front-ran the news), the real question is whether retail will get another classic ''buy high, sell low'' masterclass.
Silver Lining Playbook
For true believers, this could be a gift-wrapped entry point. After all, what''s crypto without a 13% ''discount'' fueled by geopolitical chaos? Just ask the Bitcoin maximalists who''ve turned ''number go up'' into a religion despite worse drawdowns.
One thing''s certain: in crypto, the only ''stable'' coin is the one with lawyers and a 1:1 USD peg. Everything else? Buckle up.
The crypto market slipped into the red zone today, after Israel’s latest strike on Iran. This has triggered widespread sell-offs, and Bitcoin is down 3.5% to $104,209, while major altcoins have fallen between 6% and 9%. Pi Coin has also dropped around 13% in the last 24 hours, now trading at $0.5506.
Analyst Dr. Altcoin said that the strike has had a direct impact on Pi and the broader market. He warned that if Iran retaliates, prices could fall even further. Over the past week, Pi is down 11%, and it has lost 56% of its value over the past month.
Technical Analysis – Trend Still Bearish
The conflict in Iran, combined with delays in the PI mapping migration in Chinese-speaking regions, could have contributed to the sharp drop. However, this could also be an opportunity to stack Pi at a discount.
But Pi coin appears to be in a clear downtrend, due to both macro tensions and technical weakness. Most technical indicators are signaling a sell. It is currently trading below all major short-term and mid-term EMAs and SMAs (from the 10-day to the 100-day range), all of which are signaling sell.
The MACD and Momentum indicators also suggest further downside, while the RSI at 32 shows that Pi is nearing the oversold territory. Unless market sentiment improves or strong buying returns, the bearish trend is expected to continue.
There have been rising doubts around its valuation model. Dr. Altcoin has dismissed the idea of a Global Consensus Value (GCV) as completely unrealistic, and an “economic impossibility.”
Many users expect the Core Team to break its silence on the GCV debate on the upcoming Pi2Day on June 28, 2025, as the Pi open mainnet launch is expected within the same timeframe.
Pi Price at Risk of New Lows
Analysts warn that without a major update, the price could fall further to $0.40 by late August. But a recovery may follow as token unlocking slows down during the same period, which could reduce selling pressure and help restore investor confidence.
If updates on mainnet activation, merchant tools, or GCV clarity are shared, they could reshape how Pi is perceived and valued.
A broader crypto market rally could help lift Pi along with other altcoins. Rising social media activity is another positive signal. Furthermore, a possible exchange listing could also trigger a short squeeze similar to what was seen with other coins.
