Will the price of Pi Coin continue to rise in a downward trend?

The Pi coin continues to slide in price for another week, causing unease among investors. However, a well-known expert has spoken out, especially regarding what the team behind the Pi network can do to boost bullish energy back into the cryptocurrency. Pi Coin price has struggled to find bullish momentum in the first week of June. A result quite similar to what happened in the first week of May. But will this cryptocurrency maintain enough bullish momentum in the second week of this month like the second week of May? One of the main reasons why Pi coin is struggling to find a bullish position is the lack of confidence among investors. Especially those who bought this currency early on. An analyst known by the pen name Dr. Altcoin previously criticized the core team of Pi for not doing enough to bolster confidence. The analyst believes he has a good solution that could change the situation in favor of Pi holders.

Analysts believe that the success of the Pi network will depend greatly on whether the team can deliver something significant enough to rekindle trust. Understanding Investor Disconnection The risk of losing investor confidence in Pi coin is increasing due to various factors. The network launched its mainnet in February 2025. However, to date, the core team has not provided any major updates on its progress since then. Investors are also very interested in understanding how this network operates in terms of the level of adoption and the development of dapps within the main network ecosystem. In addition, the bearish market situation in recent months has severely impacted cryptocurrencies. However, the decline in investor confidence may also have been driven by unsuccessful efforts to launch Binance. The unsuccessful efforts of Pi to list on Binance and other top exchanges have diminished market confidence. The situation also highlights the risks associated with the core team’s lack of transparency. Pi Coin Hovers Near Important Bottom Levels in 3 Months But Faces Risk of Collapse The price of Pi coin has decreased by more than 3% in the past 7 days, significantly lower than the weekly drop last week. While the cooling signals that the downtrend may be losing momentum, the bearish risk has not yet ended. Cryptocurrency is trading at $0.62 at the time of the press release. However, while the price shows some support near the same range, Dr. Altcoins highlighted a key reason why the Pi coin is likely to lose the same level of support if the core team of the Pi network does not take action.

While the prevailing pessimistic sentiment has drained all bullish efforts, analysts believe that the lack of confidence may encourage pioneers to sell. That result could lead to the risk of losing the current support level and pushing the price down near $0.40. Can the Pi coin regain confidence, especially considering the current discount level? Spot market data on many exchanges shows a high level of confidence among investors. This could be due to the bullish sentiment related to the price decrease combined with high expectations for Pi Day at the end of June. However, it is noteworthy that the worse situation may not be over for Pi. For example, the extended transfer schedule means that this cryptocurrency is likely to continue to experience price dilution. The unlocking of the tokens has analysts wondering whether the core team of the Pi network will introduce a burning mechanism or not. Or it may even apply a new token standard that can eliminate the issue of token inflation. A strong recovery may not occur for the Pi coin if its current issues remain unresolved, and this may continue to affect investor sentiment.