Pi Coin Price Prediction: PIUSD Struggles to Find Stable Footing After a Much-Anticipated Launch

Pi Coin price declined on Monday, continuing with its oscillation as it struggles to find stable footing after a much-anticipated launch last week.

Pi Coin price continued to oscillate on Monday, struggling to find stable footing after a much-anticipated launch last week. The coin’s price declined by 3.0%, and it was trading at $1.49 at the time of writing. This was in contrast with the previous two days, during which Pi rose by more than 100%.

The coin is now鏽ing selling pressure as investors are looking to stay on the safer side following a prolonged wait for the open mainnet launch. Many investors are also concerned that Pi Coin could follow the trajectory seen in other tap-to-earn coins like Notcoin, BabyDoge and Hamster Kombat.

Pi is currently listed on several exchanges, including OKX, BitGet, GateIO and Pionex. More exchanges are expected to add Pi in the coming days.

Binance’s listing is the most anticipated, and it is likely to come after last week’s community voting, in which more than 80% supported the listing.

On the downside, however, Bibyt’s listing might have muddied the waters for Pi Coin. The exchange’s CEO, Ben Zhou, reiterated his stand that the coin is a scam and stated that Bybit will not list it.

The Pi Core Team has refuted the accusations, but such negative publicity from the world’s second-largest exchange will weigh down on Pi Coin price. However, the wide ecosystem of Pi Network could help keep the coin on an upward trajectory if its apps experience high user activity.

Pi Coin Price Prediction

Pi coin price pivot is at $1.60 and the downside will prevail if resistance persists at that level. Initial support will likely be at $1.45, but a stronger momentum will break below that level and potentially test the second support at $1.29.

On the other hand, breaking above $1.45 will shift the momentum to the upside. With the buyers in control, PIUSD is likely to continue rising and encounter the first resistance at $1.70. Breaking above that level will invalidate the downside thesis and could potentially trigger more gains to test the second resistance at $1.80.