Pi Network Price Today June 23, 2025: Plunging After US Attack on Iran

Pi Network Price Today 6/23/2025

Pi price on OKX exchange on June 23, 2025 is fluctuating around the price from 0.4853 USD to 0.5373 USD (equivalent to 12,680 VND to 14,040 VND. Thus, at the time of writing, Pi price on OKX exchange decreased by 7.6% compared to yesterday, reaching 12,800 VND

After peaking at $1.6675 in May amid high expectations at the Consensus event in Toronto, Pi Coin has plummeted as the development team launched Pi Network Ventures, a $100 million investment fund for the ecosystem. The drop has seen trading volume fall from $3 billion to less than $74 million per day.

However, the 8-hour chart shows that Pi Coin price is forming a 'falling wedge' pattern, a typical bullish reversal pattern. The two trend lines are gradually converging, signaling an accumulation phase, and a possible bullish breakout could occur in the next few weeks. If Pi breaks out, the next target could be $1, which is 85% higher than the current level.

The MACD indicator is weakening, while the Donchian Channel lines are narrowing, both of which are signals of a consolidation phase and preparation for strong volatility. However, the bullish scenario will be invalidated if the price falls below the strong support zone of $0.3940.

Pi Day 2 could provide a new impetus to the market on June 28. This is also the end of the highly anticipated '.pi' domain auction, which attracted over 3 million bids from 123,000 participants.

Pi Network Price Today June 23, 2025: Plunging After US Officially Attacks Iran

Cryptocurrency plunges after US officially attacks Iran

The cryptocurrency market saw a sharp sell-off after the US entered the Iran-Israel war. Altcoins, Ethereum, and AI tokens all fell in price, pushing the total liquidation value to over $670 million in just one day.

Early Sunday morning (Vietnam time), President Trump confirmed that the US had conducted airstrikes on key Iranian nuclear facilities, marking a dangerous escalation in the Middle East conflict. Immediately after, the cryptocurrency market reacted negatively with a strong sell-off, especially in the altcoin group.

Ethereum fell more than 5%, trading below $2,300 for the first time in a month. Cardano fell nearly 6% and approached a three-month low. AI tokens like VIRTUAL and FET also saw sharp declines of nearly 10%.

Bitcoin is still holding the $102,500 mark, but selling pressure is increasing. Technical analysis warns that if tensions escalate, BTC could break through the psychological $100,000 level. Previously, analysts at BeInCrypto predicted that Bitcoin would fall as much as 10% if the US entered the war.

The total value of liquidated positions in the market exceeded $670 million on June 22. With the possibility of Iran retaliating, the cryptocurrency market is facing the risk of a strong short-term correction.

Source: https://baonghean.vn/gia-pi-network-hom-nay-23-6-2025-lao-doc-sau-khi-my-tan-cong-iran-10300182.html