Pi Network’s price is under pressure, consolidating around the $0.60 mark amid weakening momentum and growing bearish signals. With token volumes plunging and net exchange inflows rising, traders fear a sharp drop is imminent—possibly retesting the $0.40 level. However, upcoming events like Pi2Day and potential exchange listings may offer a bullish twist.
On the day of its Open Mainnet launch, PI hit a closing price of $0.8705, marking a massive 2951.40% rise in the first six days. But since February 27, the bullish momentum has faded.
Since mid-May, PI has been trading sideways. Last week, it even dipped to $0.40. Over the past 7 days, the price is down 11.6%, and 6.2% in the last 24 hours alone.
Now, analysts warn that if bearish momentum continues, PI could fall another 35%, revisiting last week’s low of $0.40.
According to the latest data:
This surge in exchange deposits indicates users are preparing to offload PI tokens, a red flag for bulls.
Several key indicators are flashing bearish warnings:
This combination — narrow Bollinger Bands, low ATR, and price below the 50-day SMA — suggests low volatility ahead of a sharp breakout, possibly downward unless bullish catalysts intervene.
If PI falls below $0.5669 today, traders may look to $0.40 as the next major support. On the upside, reclaiming $0.80 could open the door to a recovery.
Despite bearish indicators, some bullish events could shift sentiment:
The Pi Network price is trapped in a low-volatility range, with all signs pointing toward a major move. If current momentum holds, a 35% crash to $0.40 is possible. However, exchange listing announcements or Pi2Day news could flip the script and trigger a bullish reversal.
As of June 17, 2025, Pi Coin (PI) is trading around $0.56-$0.57, down over 6% in the last 24 hours. It’s consolidating with low trading volume and bearish signals.
Potential bullish catalysts include rumors of a Binance listing, which could spark a short squeeze, and Pi2Day on June 28, where key announcements are expected.
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