Concerns about the predicted crash of PI Coin show surprising similarities with Mantra’s recent collapse, which raises concerns today. More specifically, PI coins surged by around 92% to $0.755, but technical indicators suggest a similar potential crash to the catastrophic mantra crash that wiped out billions of dollars worth. At the time of writing, experts are analyzing PI Coin Prediction Crash scenarios based on these emerging chart patterns and examining historical data.
PI Coin forecast crash, market risk, hype details
Technical signal refers to potential PI coin prediction crash
The Pi Coin Price rebound came as Bitcoin stabilized over $80,000. Technical analysis shows that PI is above the 50th period’s exponential moving average, but a dangerous rising wedge pattern has been formed, often showing bearish reversals.
Crispus Nyaga, a cryptocurrency analyst, was clear about the following facts:
Prices currently form an increasing wedge pattern, with lower trendlines connecting higher basses established since April 5th. In technical analysis, rising wedges are considered reliable bearish patterns.
PI Network Vulnerability Echo Mantra Crash Warning Sign
The fear of predicted crashes for PI coins is intensified by structural weaknesses in the PI network ecosystem. The $5 billion valuation of PI faces serious scrutiny, as closed-loop systems prevent clear prices and the lack of a major exchange list. The risks of Crypto Presale are being raised by scheduled unlocking of 1.56 billion tokens over next year, which could kill an excess supply to the market.
Dr. Altcoin warned:
Without a hardened market system, even the largest communities can be unraveled overnight.
If PI Coin Prediction Crash is realized, the next level of support
The next important support level for PI Coin is around $0.3979, representing a potential 47% crash from the current price. If the price exceeds $0.8610, the PI Coin Predictive Crash scenario may be invalid.
PI Network’s 60 million user community presents unique risk factors while potential scenarios like Mantra Crash. In a low-liquid environment, such a large user base can actually amplify volatility rather than stabilize the price.
Communication failures by the PI core team have also been identified as a contributor to market uncertainty. Equally important, the update is described as ambiguous as sporadic and technical explanations. Therefore, it is no wonder they are raising legitimate concerns about Pi Coin’s short-term stability and potential recovery.
