Price Prediction for Pi Coin for the First Week of July

After a 4.56% fall in the last 24 hours, the outlook remains negative for the upcoming week, due to a combination of sell-off activity after the event, technical issues, and a general weakening across alternative cryptocurrencies. The disappointment after Pi2Day drives the sell. The Pi2Day announcements on June 28 initially sparked optimism among Pi Network supporters, thanks to updates such as the AI-integrated Pi App Studio and the new Staking Ecosystem Directory program. However, the lack of any major trading listings or tangible utility breakthroughs has left the community disappointed. This lack of follow-up has led to quick profit-taking and a reversal near the resistance level of $0.54, close to the Fibonacci retracement level of 23.6% $0.54372. Technical issues signal ongoing weakness The technical picture has deteriorated significantly. Pi Coin has broken through key support levels, falling below both the 7-day simple moving average ($0.557) and the 30-day exponential moving average ($0.593). The 7-day RSI has dropped to 34.8, signaling weak momentum and increasing downward pressure. Data predicted from CoinCodex supports this trend: July 2: Slightly increased to $0.5009, indicating a short-term recovery. ROI: +2.94% July 3: Price fell to $0.4495, triggering a short sell signal. ROI: +7.63% July 4-6: The downward trend continues to accelerate with prices falling to $0.4132, $0.3951, and $0.3850. ROI for short selling transactions steadily increased, peaking at +20.88% on July 6.

Outlook: Short-term trend in mid-July Unless Pi Network announces a specific exchange integration or unlocks real utility for its tokens, the path of least resistance remains downward. Traders may look to take advantage of short selling setups until July 6, with potential profits exceeding 20% if the bearish trend continues as forecasted. In summary, the price outlook for Pi Coin in the first week of July remains pessimistic, with a downward trend, diminishing hype, and unfavorable momentum in the industry all converging against a sustainable recovery.