Why Pi Coin Price Is Going Down Today July 8

After a short-lived rebound last week, Pi Coin price today is once again under pressure, hovering near $0.4560. The rally that followed ecosystem news around the Pi2Day campaign and new app integrations failed to sustain, reinforcing bearish sentiment. Market attention is now shifting toward the upcoming unlock of over 276 million PI tokens this month. With no major exchange listings or ecosystem expansions expected in the near term, this potential dilution is adding further strain on an already fragile trend.

Pi Coin Price Forecast Table: July 8, 2025

What’s Happening With Pi Coin’s Price?

The broader Pi Coin price action reflects persistent weakness. On the 4-hour chart, price remains capped beneath all major exponential moving averages, with the 20 EMA at $0.4629 acting as immediate resistance. Repeated rejections near the $0.48–$0.50 range have solidified the current descending structure.

Bollinger Bands remain tightly compressed, but price action is pinned near the lower band, indicating suppressed upside momentum. The daily chart continues to reflect a bearish wedge rejection, with volume trailing off since the May high. Supertrend resistance remains firmly in place around $0.48, and no bullish structure has formed to suggest a meaningful reversal.

Why Pi Coin Price Going Down Today?

The primary reason why Pi Coin price going down today is the combination of fading bullish momentum and the impending token unlock. While short-term sentiment briefly improved following development updates, price failed to establish a higher low or push through key resistance. This behavior is consistent with previous instances where Pi Coin spiked on news and quickly reverted lower.

From a technical standpoint, Pi Coin price continues to reflect bearish conditions. The Chande Momentum Oscillator currently reads -50.23 on the 4-hour chart, indicating sustained negative pressure. The Parabolic SAR continues to signal downside movement, with dots printing above price across intraday timeframes. Each minor bounce has met resistance, confirming that control remains with sellers.

On the 30-minute chart, the MACD shows a weak bullish crossover, but the histogram remains flat and close to zero. This lack of follow-through emphasizes hesitation among buyers and absence of conviction. 

The Directional Movement Index further supports the bearish bias, with the -DI line firmly leading and ADX showing a drop in trend strength, though still aligned with the current direction. On the flip side, if price manages to squeeze above $0.4720 and flip the Supertrend, a short-term bounce toward $0.4950–$0.5000 may occur. However, given current momentum, that outcome appears unlikely unless sentiment around the token unlock changes or volume surges unexpectedly.

Pi Coin Price: Indicators Reveal Bearish Continuation Risks

Volatility has contracted, but the positioning of Bollinger Bands near the lower end of the range suggests any breakout is more likely to tilt lower. The daily chart structure has remained intact, with no candle closing above $0.50 over the past ten sessions. The RSI on the 30-minute chart sits at 46.8, underscoring the lack of strong directional drive.

The Money Flow Index is hovering near 51, reflecting limited buyer activity despite proximity to local lows. This suggests that even at these levels, the market is hesitant to accumulate, highlighting the weight of macro and technical headwinds.

Pi Coin Price Prediction: Short-Term Outlook (24H)

Unless price reclaims the $0.4620–$0.4680 EMA range with strong volume, the downtrend is expected to continue. A close below $0.4450 would expose $0.4200 as the next support zone.

If bulls manage to clear $0.4720 and flip the Supertrend, a rebound toward $0.4950 may follow. However, with token unlock concerns dominating sentiment and indicators offering no bullish momentum, the probability of upside remains limited. Pi Coin price today remains vulnerable as long as these technical and supply pressures persist.