Pi Network Price Prediction: Bitcoin's Dominance Declines, Will Altcoin Season Trigger a 17% Pump for Pi Coin?

Pi Network (PI) traders are closely monitoring the downward trend of Bitcoin Dominance, with predictions of a new altcoin season becoming increasingly strong, analysts believe this could trigger a nearly 17% rise in Pi coin from the current level of around 0.44 USD.

The altcoin season refers to the period when 75% of the tokens among the top 50 cryptocurrencies by market capitalization outperform Bitcoin for 90 consecutive days. The altcoin season index tracker can help you determine whether to enter the altcoin season. Market participants can decide whether to allocate funds, take profits in Bitcoin, or continue holding alts.

The index indicates that the altcoin season is still brewing; however, within the monthly time frame, the value is 80 on a scale of 0 to 100, which means this is an "altcoin month."

(Source: Blockchain Center)

With Ethereum (ETH) gaining strength and Ripple (XRP) hitting a historic high this week, the top 50 altcoins have all seen significant pumps, supporting the notion that altcoin season is approaching.

PI coin has not yet joined the altcoin pump initiated by ETH and XRP. This altcoin, which has attracted significant attention from the Chinese cryptocurrency community, may bring surprises this week as it welcomes the pump again.

Bitcoin's Dominance Declines: Is the Altcoin Season Coming?

The dominance of Bitcoin (i.e., the metric that measures Bitcoin's share of the total cryptocurrency market capitalization) has decreased by nearly 4% over the past three weeks.

(Source: Trading View)

As Bitcoin's dominance declines, market participants expect alts to pump. Fund rotation and profit-taking are the two main drivers behind the rise of the altcoin market.

As the price of Bitcoin breaks through 123,000 USD, setting a new historical high, the early investors from the Satoshi Nakamoto era and dormant wallets are beginning to take profits. The increasing sell-off pressure could push down the price of Bitcoin, paving the way for the rise of altcoins.

The actions of large holders were swift enough to increase the inflow to exchanges by 5 times within a week, with miners closely following, as they drained over 16,000 BTC in a single day, marking one of the largest single-day outflows in the past three months.

Alts are relatively sluggish in terms of capital inflow and profit taking on exchanges, indicating that traders may not be in a hurry to sell their alts. This suggests that July 2025 could usher in a golden season for alts.

PI coin price analysis

From the PI/USDT daily chart, the current trading price of PI coin is above 0.44 US dollars.

PI coin may pump nearly 17% and test the resistance level R1 at 0.5281 USD. If the daily closing price of PI coin is above 0.5281 USD, this altcoin may target the resistance level R2 at 0.6667 USD.

The green histogram bars on the MACD support the positive momentum of the Pi coin price trend.

If a correction occurs, PI coin can collect liquidity at the support level of $0.40.

(Source: Trading View)