Pi Token Crashes 11% Amid Bearish Trend Concerns

The Pi Network, a cryptocurrency project that has garnered significant attention, recently experienced an 11% crash in its token price. This sudden drop has sparked discussions among analysts and investors about the future trajectory of the Pi token. The token has dropped over 3% in the past 24 hours to trade at $0.5605, with technical charts showing a neutral-to-bearish trend. The RSI and Stochastic remain neutral, showing no strong direction on either side. Although it appears to be under pressure, there are a few signs that it might be trying to hold its ground for now.

Since May 21, Pi has been stuck in a bearish trap. The pattern, marked by lower highs, indicates that sellers are dominating the market and buyers are struggling to push back. If the bearish trend continues, Pi could retest its all-time low of $0.40 or even fall further. But if the buying interest picks up, it could bounce back toward the $0.65 level. Yesterday, on June 17th, the token dropped 11%, hitting a low of $0.5311. This drop began after the team announced that .pi domain auctions would be moved to a separate section from the main mining feature, which failed to excite the users. Over the past two days, Pi has slid from $0.6345 to around $0.5450.

Dr Altcoin warns that Pi coin could crash to $0.40 if there is no major update on June 28th. Additionally, June and July 2025 are set to deliver the biggest token unlocks of the year, which might affect the price. According to Piscan.io, 164.49 million PI will be released in June, followed by 249.05 million in July, which is far above the monthly average of 136.61 million. Another analyst says that Pi’s price rise depends on a broader shift in the crypto market. For altcoins like Pi to rally, Bitcoin must first break its all-time high, followed by Ethereum gaining strength, which could trigger the altcoin season. Until then, they may continue to trade sideways.

The Pi Network has been under scrutiny due to its unique mining process, which allows users to mine tokens directly from their mobile devices. This approach has attracted a large user base, but it has also raised concerns about the token's long-term viability. The recent crash has exacerbated these concerns, leading to a wave of speculation about the token's future. Analysts have pointed out that the Pi token's price has been volatile in recent months, with sharp fluctuations in both directions. This volatility is not uncommon in the cryptocurrency market, but it has raised questions about the token's stability. According to the analyst's forecast, the token is expected to recover from the recent crash and stabilize around $0.40. This prediction is based on the token's historical performance and the current market conditions.

The Pi Network's recent listing on major exchanges has also contributed to the speculation about its future price. The listing has increased the token's visibility and accessibility, potentially attracting more investors. However, the recent crash has tempered some of the optimism surrounding the token, leading to a more cautious outlook. In conclusion, the Pi Network's token price has experienced a significant drop, leading to speculation about its future trajectory. According to the analyst's forecast, the token is expected to stabilize around $0.40 in the near term. However, the token's long-term viability remains a topic of debate among analysts and investors. The recent crash has highlighted the volatility of the cryptocurrency market and the need for caution when investing in digital assets.