Pi Coin at Critical Juncture: Tight Trading Range and Impending Token Unlocks Spark Volatility Speculation

Pi Network's cryptocurrency, PI, continues to trade within a tight range of $0.62 to $0.66, currently hovering NEAR $0.65. The recent rebound from the $0.62 support level has struggled to break through the $0.66 resistance, creating a potential springboard for significant price movement.

Traders face increased uncertainty as 290 million Pi tokens are set to unlock over the next month, with 10 million becoming available today. While such supply increases typically introduce selling pressure, market demand will ultimately determine the price impact.

Technical analysts note a developing triple-bottom pattern on PI charts—a traditionally bullish indicator suggesting strong support. This technical formation emerges alongside growing speculation about Pi Network's Phase 2 integration, which could potentially reignite investor enthusiasm if successfully implemented.