Pi Network Price Drops 36.52% Amid Unlocking of 337 Million Tokens

Pi Network's price has recently experienced a significant decline, nearing its all-time low of $0.40. This drop has raised concerns among investors and analysts alike, as the token's value has been fluctuating between $0.40 and $0.60 over the past week. The Relative Strength Index (RSI) for Pi Network is currently at 35, indicating that the token is in oversold conditions, similar to the situation in early April when it recovered from a similar low. However, the bearish trend has persisted, with the price dropping to as low as $0.50, which has sparked further concern among investors.

The downward trend in Pi Network's price has been attributed to a lack of buying interest and increased selling pressure. The token's price recovery faces a major hurdle as 337 million Pi tokens, worth around $185 million, are set to unlock over the next 30 days. This steady increase in supply adds significant selling pressure, especially with Pi still unlisted on major exchanges. As market sentiment remains weak, the ongoing unlocks could further drag down the already fragile price action.

Despite the recent price struggles, some analysts remain optimistic about Pi Network's long-term prospects. According to analysts' forecasts, the Pi Network value could reach a maximum trading value of $5.25 by 2027, with a potential low of $1.25. However, these forecasts should be taken with caution, as they are based on market sentiments and could be subject to change. The current price of Pi Network is up by 36.52% compared to its all-time low, which was recorded on April 5, 2025. The token's price has been struggling to rebound despite a general crypto market recovery, with the price hitting a new monthly low of $0.5376.

Technical indicators are starting to show early signs of potential upside. The squeeze momentum indicator has flashed black dots on the chart, which typically signals a consolidation phase before a larger price movement. Alongside that, the increasing number of green bars on the histogram points to a rise in bullish momentum. This combination of pressure buildup and strengthening momentum could fuel a breakout if market conditions cooperate. A release from the squeeze to the upside might help Pi Network reverse its recent losses and push higher in the coming days.

At present, Pi is trading around $0.55, just shy of the key resistance level at $0.57. If it can reclaim this level as support, the next upside target would be $0.61. Breaking through that could potentially take Pi to $0.71, marking a meaningful recovery. On the flip side, if the token fails to hold above the $0.51 support level, another drop could follow. A slide down to $0.45 or even a retest of the $0.40 low cannot be ruled out, especially if broader market weakness persists.

With momentum building and RSI nearing oversold, Pi Network could be in for a turnaround. But the next few days will be key. Whether it rebounds or slips further depends on its ability to hold critical support and attract renewed buying interest. Moreover, on June 28, the Pi Network community celebrates Pi2Day, where they make major announcements from the core team. It could spark fresh excitement and buying interest.