Pi Network is under pressure again as important market indicators turn bearish and big token unlocks approach. The token has dropped over 3% in the past 24 hours to trade at $0.5605, with technical charts showing a neutral-to-bearish trend.
Bearish Trend Continues
The RSI and Stochastic remain neutral, showing no strong direction on either side. Although it appears to be under pressure, there are a few signs that it might be trying to hold its ground for now.
Since May 21, Pi has been stuck in a bearish trap. The pattern, marked by lower highs, indicates that sellers are dominating the market and buyers are struggling to push back. If the bearish trend continues, Pi could retest its all-time low of $0.40 or even fall further. But if the buying interest picks up, it could bounce back toward the $0.65 level.
Pi Could Soon Crash to $0.40!
Yesterday, on June 17th, the token dropped 11%, hitting a low of $0.5311. This drop began after the team announced that .pi domain auctions would be moved to a separate section from the main mining feature, which failed to excite the users. Over the past two days, Pi has slid from $0.6345 to around $0.5450.
Dr Altcoin warns that Pi coin could crash to $0.40 if there is no major update on June 28th. Additionally, June and July 2025 are set to deliver the biggest token unlocks of the year, which might affect the price. According to Piscan.io, 164.49 million PI will be released in June, followed by 249.05 million in July, which is far above the monthly average of 136.61 million.
Altcoin Season Is Key to Pi’s Next Breakout
Another analyst says that Pi’s price rise depends on a broader shift in the crypto market. For altcoins like Pi to rally, Bitcoin must first break its all-time high, followed by Ethereum gaining strength, which could trigger the altcoin season. Until then, they may continue to trade sideways.
