Pi Coin Price Faces Volatility Ahead of Pi2Day Event

Pi Coin’s price is experiencing fluctuations as the much-anticipated Pi2Day event approaches. Despite recent bearish movements, Pi has gained significant attention and favor from the community, emerging as one of the most bullish cryptocurrencies in the top 100 on CoinMarketCap with over 4.1 million positive votes.

Pi Browser has recently received a major update, allowing users to manage their accounts within the Pi Network ecosystem fully. So, what does the future hold for Pi Coin's price? Let's explore the potential short-term price targets.

Given the limited on-chain data due to Pi Network’s partially closed mainnet, social metrics have become a key indicator of sentiment. Pi Coin's social dominance saw significant spikes between June 19–21, reaching 0.85% at its peak, driven likely by anticipation for Pi2Day. These bursts in social discussions indicate growing speculative optimism, even though they aren’t always consistent.

Currently, Pi Coin is trading at $0.5556, reflecting a 4.64% drop over the past 24 hours. Its market capitalization has decreased by 8.54%, bringing it down to $4.2 billion, while the 24-hour trading volume has fallen by 38.42%, now standing at $188.24 million.

Pi reached a daily low of $0.5453 and a high of $0.6104, indicating a wide intraday range. Pi Coin faces resistance at $0.64, and a successful breakout could push it toward $0.70. However, if it fails to hold above $0.50, it could drop to $0.49.