Despite the initial hype surrounding Pi Coin’s price surge, its momentum has been faltering recently. Many retail investors are noticing a decline in the token’s value and are wondering whether it can rebound. Analysts are now divided on the coin’s future. While some predict a significant crash to $0.16, others see potential for a comeback. A market pundit based their prediction on technical trends and noted that a drop below $0.38 could trigger a further decline to $0.16 if demand weakens. However, they also highlighted the possibility of a bullish reversal with a breakout above a key support level, possibly retaking its former peak around $2.96. This would ultimately lead to a more optimistic outlook on the coin’s long-term potential. Meanwhile, Pi Network community members are awaiting updates from the Core Team and its potential announcements in June. They’re hoping for major news that could signal the end of the downward trend or a potential price surge. The future of Pi Coin’s value is uncertain as it awaits further developments in its ecosystem.