Pi Network (PI) Faces Bearish Pressure Ahead of June 2025 Token Unlocks

Pi Network’s recent rally has proven short-lived, with the cryptocurrency now trading 75% below its February peak of nearly $3. As of May 2025, PI is valued at $0.6894, reflecting a 6% daily decline and 15% weekly loss.

Technical analysis reveals concerning signals. The token remains range-bound between $0.688 and $0.816, with all major moving averages serving as resistance levels. Bollinger Bands indicate tightening volatility, while both MACD and RSI (43.6) suggest weak momentum. While a breakout above $0.78 could potentially push Pi toward $0.85, failure to maintain current levels may test support at $0.60 or lower.

Market conditions appear increasingly challenging. Exchange inflows are rising as 263 million PI tokens prepare to unlock in June 2025 - part of a larger 628 million token release scheduled through August. The 42% surge in daily volume to $158 million likely reflects distribution activity rather than accumulation.