Pi Network (PI) Defends Key Support Amid Token Unlock Concerns, Speculative Hype Persists

Pi Network's price has shown significant resilience, holding steady NEAR $0.477 in early July 2025. Bullish traders are actively defending this critical level to prevent a drop that could retest its all-time low. Technical indicators suggest consolidation, leaving market participants uncertain about PI's next directional move.

PiScan data reveals a potential headwind: over 300 million tokens are scheduled to unlock within 30 days. Historical patterns indicate this could exert downward pressure on PI's price, as demand has consistently failed to keep pace with new token supply.

Despite these bearish fundamentals, speculative Optimism continues to circulate. The Pi News X account recently claimed PI might soon print "the largest green candle in crypto history," though the rationale behind this prediction remains unclear. The PI Core team maintains its development push, but whether these efforts will translate to price support remains uncertain in the current market environment.