Pi Coin Struggles to Regain Footing After Sharp Price Correction

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-16 05:34:33

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Coin’s recent market performance has been highly volatile, peaking at $1.70 on May 13 before experiencing a 50% drop within 48 hours. The token is currently testing support levels around $0.81, facing technical resistance and upcoming token unlocks that may hinder recovery.

The market cap reflects significant losses, dropping from $9 billion to $6 billion as Pi Coin fell from the top 20 to 29th among cryptocurrencies. Despite a $100 million development fund announcement, market participants remain skeptical about near-term prospects for reclaiming the $1.50-$1.70 range without stronger catalysts.

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