Pi Network Struggles Amid Bearish Trends and Upcoming Token Unlocks

Pi Network’s price has dropped 75% from its February peak NEAR $3, currently trading at $0.6894 with a 6% daily decline. The token remains range-bound between $0.688 and $0.816 as exchange inflows indicate potential sell pressure. Between June and August, 628 million Pi coins will unlock, starting with 263 million this month.

Technical indicators suggest a bearish outlook—key moving averages remain above the current price, with MACD in negative territory and RSI neutral at 43.6. The $0.75-$0.78 resistance zone is now critical. Failure to break this level could push Pi toward support at $0.60 or even $0.50.

Traders are eyeing two possible scenarios: a volume-driven rebound to $0.85 or extended consolidation between $0.70-$0.76 through May’s end. While CoinDCX highlights recovery potential if buyer interest returns, Pi’s future hinges on overcoming unlocking supply pressures and reclaiming the key $1 level.