Pi Coin Price Drops 1.7% Amid Token Unlock Concerns

Pi Coin's price has once again come under pressure, hovering near $0.4560 after a brief rebound last week. The rally that followed the Pi2Day campaign and new app integrations failed to sustain, reinforcing bearish sentiment. Market attention is now focused on the upcoming unlock of over 276 million PI tokens this month. With no major exchange listings or ecosystem expansions expected in the near term, this potential dilution is adding further strain on an already fragile trend.

The broader Pi Coin price action reflects persistent weakness. On the 4-hour chart, the price remains capped beneath all major exponential moving averages, with the 20 EMA at $0.4629 acting as immediate resistance. Repeated rejections near the $0.48–$0.50 range have solidified the current descending structure. Bollinger Bands remain tightly compressed, but the price action is pinned near the lower band, indicating suppressed upside momentum. The daily chart continues to reflect a bearish wedge rejection, with volume trailing off since the May high. Supertrend resistance remains firmly in place around $0.48, and no bullish structure has formed to suggest a meaningful reversal.

The primary reason for Pi Coin's price decline today is the combination of fading bullish momentum and the impending token unlock. While short-term sentiment briefly improved following development updates, the price failed to establish a higher low or push through key resistance. This behavior is consistent with previous instances where Pi Coin spiked on news and quickly reverted lower.

From a technical standpoint, Pi Coin's price continues to reflect bearish conditions. The Chande Momentum Oscillator currently reads -50.23 on the 4-hour chart, indicating sustained negative pressure. The Parabolic SAR continues to signal downside movement, with dots printing above the price across intraday timeframes. Each minor bounce has met resistance, confirming that control remains with sellers.

On the 30-minute chart, the MACD shows a weak bullish crossover, but the histogram remains flat and close to zero. This lack of follow-through emphasizes hesitation among buyers and the absence of conviction. The Directional Movement Index further supports the bearish bias, with the -DI line firmly leading and ADX showing a drop in trend strength, though still aligned with the current direction. On the flip side, if the price manages to squeeze above $0.4720 and flip the Supertrend, a short-term bounce toward $0.4950–$0.5000 may occur. However, given current momentum, that outcome appears unlikely unless sentiment around the token unlock changes or volume surges unexpectedly.

Volatility has contracted, but the positioning of Bollinger Bands near the lower end of the range suggests any breakout is more likely to tilt lower. The daily chart structure has remained intact, with no candle closing above $0.50 over the past ten sessions. The RSI on the 30-minute chart sits at 46.8, underscoring the lack of strong directional drive. The Money Flow Index is hovering near 51, reflecting limited buyer activity despite proximity to local lows. This suggests that even at these levels, the market is hesitant to accumulate, highlighting the weight of macro and technical headwinds.

Unless the price reclaims the $0.4620–$0.4680 EMA range with strong volume, the downtrend is expected to continue. A close below $0.4450 would expose $0.4200 as the next support zone. If bulls manage to clear $0.4720 and flip the Supertrend, a rebound toward $0.4950 may follow. However, with token unlock concerns dominating sentiment and indicators offering no bullish momentum, the probability of upside remains limited. Pi Coin's price today remains vulnerable as long as these technical and supply pressures persist.