The price of Pi Coin (PI) fell more than 3% in the last 24 hours, below the key $0.60 level. Over the 30-day time frame, tokens recorded a -15% decline, making this month one of the few major cryptocurrency transactions in red.
This downward trend has sparked concern among holders, but some traders are beginning to wonder if this dip could actually be a strategic buying opportunity. Since mid-April, Pi Coin has been trading sideways in a narrow range of $0.59 to $0.67, with current prices currently testing the low boundary at $0.58.
Big issue circulating in the community now: Can PI coins go back to $3?
Despite recent price pressures, there are some positive developments that will stir excitement among PI supporters.
- Bitmart officially resumed trading with Pi Coin, bringing much-needed liquidity back to the market.
- Banxa, a Fiat-to-crypt payment platform, reportedly has created thousands of new accounts, indicating a growing interest in PI.
- HTX (formerly Huobi) teases Pi Coin activities on the platform, suggesting potential future support.
- And perhaps most notably, PI Network founder Dr. Nicolas Kokkalis will be the keynote speaker at the Consensus Summit held in Toronto in May 2025.
According to Crypto influencer Dr. Altcoin, these updates could mean one thing in Pi’s price outlook. There could be a bullish momentum being built.
For now, all eyes are looking at whether Pi Coin can hold support for $0.58 or whether these positive signals will help trigger the next rally.