Pi Network Price Crashed Below $1 Amid Scam Allegations, Is ATH Still Possible for Pi Coin?

Pi Network coins experienced a severe decline as it dropped from $3.00 to $0.87, resulting in a 67% value depreciation within a brief timeframe.

The price of Pi Network (PI) coins has seen a strong decline as it fell from $3.00 to $0.87, reducing its value by 67% in a short period of time.

After the token saw a strong decline in price, members of the community began to escalate their discussion about Pi Network being a scam and fraudulent activity.

According to critics, the system is not working fairly as they observe a worsening negative pattern even after people tried to buy the dip.

The digital coin has been displaying a gradual depreciation since reaching its ATH twenty-four days ago. Many supporters of Pi Network have doubts about the coin returning to previous peak levels as they observe the coin’s current downward trajectory with skepticism.

However, despite the criticism, there are still people who believe that the system might recover eventually. Pi Network has gained popularity and is awaiting its forthcoming exchange listing on Binance, which would boost its status.

PI Coin had a recent recovery as it bounced more than 60 percent from its all-time price low last month.

The path toward reaching a fresh all-time high remains unclear as many investors are hesitant due to the sustained price volatility and growing skepticism from the crypto community.

The vague path ahead makes investors reluctant to add more money to the coin as its uncertain trajectory scares them away from more losses.

“Pi to the moon of shit from 3$ to 1.70$ to 0.87$ and still down more and more if you buy the Dip that will be more Dip no end of the Dip, what the hell of this coin, fuckin fake, cheating and 1000% SCAM shit Coin”

— John Vichet (@Vichet1984) March 21, 2025

Is PI Coin Ready for a Bullish Reversal?

PI Coin price stabilized at $0.997 after a 7% recovery from its recent market low. The coin had a strong downtrend as it touched on various support levels, leading to its latest price move.

The crypto market is still struggling to recover, with BTC now trading above $84k and ETH price at $1,980. The other top coins are moving in sideways trend, with both bearish and bullish in play.

The point of resistance for PI Coin is at $1.1934 as this figure is an essential barrier that affects all upward price movements.

The price can advance to $1.4280 after breaking through the resistance at $1.1934. The coin encounters decreasing resistance levels that might affect its ability to realize gains at this time.

The recent downward of PI Coin price prediction saw it fall below the $0.8588 value, confirming a sustained negative trend.

The price will move toward the $0.6900 support area unless it manages to rise above the current levels. Further price reductions would push the market value toward the $0.6479 support zone before it possibly hits the $0.6020 and $0.5700 support levels.

To conclude, despite minor improvements from its bottom point, the future of Pi Coin remains uncertain for investors. With market volatility and scam accusations, investors have doubts about whether Pi Coin will reach new peak values again.

Frequently Asked Questions (FAQs)

1. What caused the recent drop in Pi Network's price?

The price of Pi Network dropped significantly due to a combination of factors, including a broader downturn in cryptocurrency markets, heightened scrutiny from regulatory bodies, and persistent allegations of the project being a scam.

2. Is Pi Network a scam?

Pi Network is a cryptocurrency project that has been the subject of scam allegations. Some critics have raised concerns about the project's founders, its technology, and its economic model. However, Pi Network has maintained that it is a legitimate project and that it is working to build a decentralized cryptocurrency system.

3. Can Pi Coin recover to its all-time high?

Whether Pi Network's token, Pi Coin, can recover to its all-time high depends on several factors, including the broader cryptocurrency market trends, regulatory developments, and the project's ability to execute its plans. A sustained recovery in cryptocurrency markets from the recent downturn could contribute to a recovery in Pi Coin's price.