Pi Network at a Crossroads: Will June Bring a Crash or Recovery?

Pi Coin is at a critical juncture as it hovers NEAR the $0.62 support level, with market sentiment split between a potential rebound or further decline. The asset briefly dropped to $0.604 over the weekend before recovering to $0.6280, leaving analysts uncertain whether this marks a bottom or the start of a deeper correction.

Technical indicators suggest bearish momentum. The MACD’s crossover on the 4-hour chart and the descending channel pattern indicate sustained downward pressure. Dr. Altcoin warns of a potential 40% drop to $0.40 if the $0.6052 support level fails—a scenario that could materialize by August.

Adding to the uncertainty, 274.4 million Pi tokens, worth approximately $169 million, are set to unlock in June. This influx of supply could intensify selling pressure, especially if demand fails to absorb the additional liquidity.