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Home Articles Pi Coin Price Crashes to Key Support: Is BL3 a Better Buy?

Pi Coin Price Crashes to Key Support: Is BL3 a Better Buy?

Crispus Nyaga
Crispus Nyaga
Crispus Nyaga
Author:
Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.
July 7th, 2025
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.
Fact Checker:
Joseph Alalade
Joseph Alalade
Fact Checker:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

Pi Coin price has crashed over the past two months despite key events such as the Pi Network Ventures announcement and the recent launch of Pi AI Studio. It is hovering slightly above the key support at $0.4047, the lowest level on record. So, will the Pi Network price rebound?

Pi Coin Price Ignored Key Events

The Pi Network price has declined significantly over the past few months, despite the developers making notable announcements. One of the most notable developments was the launch of Pi Network Ventures, a $100 million fund aimed at investing in projects within the ecosystem. 

The launch of such a fund is important because it will help to boost the ecosystem growth and transition it from a ghost chain into a utility network. Most blockchain networks, such as Avalanche, Cronos, and Near Protocol, have multi-million-dollar ecosystem funds.

Pi Network’s developers then announced the launch of Pi AI Studio on Pi2Day 2. This AI studio aims to supercharge the ecosystem by leveraging the ongoing AI craze, making it easier for users to build AI apps within a few hours. The venture program will fund some of the most innovative Pi apps.

In theory, the Pi Network price should have done well after these announcements. Furthermore, as the network gains traction, more tokens will be burned.

The primary reason for the Pi Coin price crash is that it has not received any exchange listings since its mainnet launch. An exchange listing by popular companies like OKX, Binance, and Coinbase would have pushed it much higher.

Pi Network has also experienced a crash this year due to ongoing concerns about its centralization, as the Pi Foundation holds over 90 billion tokens without any accountability. It has also declined due to the continuing token unlocks, which have increased the number of circulating coins.

Pi Network Price Technical Analysis

The daily chart shows that the Pi Coin price has crashed in the past few months, moving from a high of $2.997 in February to the current $0.4. It formed a giant double-bottom pattern at $0.4047, with a neckline at $1.6728. A double bottom is a highly popular bullish reversal pattern. 

Pi Network price has also formed a falling wedge pattern, another bullish sign. Therefore, the coin may rebound in the coming weeks. This bullish view will remain as long as the price remains above the double-bottom point at $0.4047. Such a rebound will see it rebound to the key resistance level at $1.

Pi coin price
Pi Network price chart | Source: TradingView

READ MORE: Pi Network Price Prediction in July 2025: Will Pi Coin Surge or Crash?

Block3 Gains Momentum

As the Pi Network price is poised to recover in the coming weeks, Block3, an upcoming crypto project, is firing on all cylinders as it seeks to disrupt the game development industry. Block3’s developers are working on an AI platform that will enable anyone to create a game playable on mobile devices and consoles.

The procedure for building these games will be relatively simple, as users will only need to describe them using text, and then the AI engine will work behind the scenes to create them. The platform will create all types of games, including the multi-million dollar ones.

Block3 launched its token sale last Tuesday and has already raised nearly $1 million from investors. In addition to backing one of the most innovative platforms in crypto, earlier buyers are benefiting from its tiered pricing structure. Its current price is $0.0105, and the next one will be $0.011, a 4.76% increase. Learn more about Block3 here.

READ MORE: Bonk Price Prediction: Here’s Why this Solana Meme Coin is Rising

Contributors

Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.