Pi Coin Faces Bearish Pressure Amid Market Volatility and Unlock Events

Pi Network’s native token, PI, is encountering significant challenges as its price hovers around $0.69—marking a 75% monthly drop from its February peak of $3. The coin remains confined within a $0.688-$0.816 range, with moving averages and MACD indicators reinforcing bearish sentiment. Trading volumes surged 42% to $158 million in 24 hours, indicating heightened exchange activity due to unlock events.

Key resistance levels are identified at $0.75-$0.78, while critical support lies at $0.60 and $0.50. Despite the Pi Core team’s announcement of a $100 million ecosystem fund, investor confidence remains shaky. Narrowing Bollinger Bands and a neutral RSI at 43 suggest a consolidation phase, though a potential rally toward $0.85 WOULD demand sustained buying pressure.