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Pi Network (PI) Price Prediction: Pi Coin Crashes After Consensus 2025 — Can Pi Network Hold the $0.70 Support?
- Pi Coin price plunged over 45% from its recent peak, testing critical support levels around $0.70 after Consensus 2025.
- Dr. Nicholas Kokkalis announced Pi Network's vision for integrating AI with blockchain during Consensus 2025, but the lack of a concrete timeline for the Pi mainnet launch disappointed the community.
- Pi cryptocurrency saw a 56% drop in less than a week, falling to $0.70 from a high of $1.57 in May, leading to increased selling pressure and rising trading volume.
- Technical indicators show bearish momentum with Pi Coin trading below multiple EMAs, a bearish MACD, and RSI around 42, signaling a neutral-to-bearish outlook.
- The launch of a $100 million VC fund called Pi Network Ventures aims to attract developers, but skeptics like Dr. Altcoin believe it may take years for Pi cryptocurrency value to mature.
- Concerns rise as the top 100 Pi wallets hold less than 5% of the supply, suggesting possible internal wallet reshuffling and raising questions about transparency.
- The market's response to Pi Network's ambitious vision and the lack of tangible progress highlights a trust gap, with Pi Coin's stability hinging on the $0.70 support.
- Pi Network needs to deliver on its promises and secure meaningful partnerships or exchange listings to avoid further downward pressure on the Pi crypto price.
- The future of Pi Coin remains uncertain until backed by real-world results and clear timelines, with the $0.70 support level crucial in determining its direction.
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