Pi Coin has experienced a 53% drop in value in the past month, with the majority of the decline occurring in the first two weeks followed by stabilization.
After reaching a peak of $1.11 in mid-May, Pi Coin quickly fell below $0.70, settling around $0.55 by the end of May with minor fluctuations since then.
Despite showing signs of stability, the lack of upward movement indicates ongoing market uncertainty, with occasional volume spikes not enough to counter broader selling pressure.
Key points to monitor going forward include the stability of the support zone at $0.52-$0.55, breakout attempts above $0.60 with strong volume, and potential external catalysts like listings or ecosystem expansion.
Pi Coin's recent monthly loss highlights profit-taking and decreasing investor confidence, nearing a potential support level but requiring sustained support and positive market developments for confirmation.