
Pi Network’s price momentum appears to be weakening, and it may soon fall below $0.40. Despite recent announcements about ecosystem growth and app hosting, experts hint that most of the positive developments have already been factored into the price, leaving little support for current levels.
Factors Behind the Bearish Outlook
1. Pi2Day Hype Fully Priced In: The excitement around June’s Pi2Day event, AI collaborations, new merchant listings, and ecosystem applications briefly boosted market sentiment. However, these announcements were driven by emotion rather than real capital inflows, and the price impact has already faded.
2. Large Token Unlock Expected in July: In July, more than 276 million PI tokens, accounting for 3.7% of the circulating supply, will be unlocked. With no new developments expected in the immediate term, this increase in available tokens is likely to add selling pressure, prompting cautious or bearish market behavior.
3. Short-Lived Price Rallies: Historically, Pi Network’s price surges have been brief. Events like the Mainnet launch and Pi2Day celebrations have triggered short-term spikes, typically lasting less than a week, before prices returned to previous levels. As a result, professional traders remain hesitant to hold long positions.
4. $0.40 as a Key Support Level: Technicals point $0.40 both a critical chart support and a psychological threshold. A drop below this level could trigger buying interest, creating a triple-bottom pattern that might support a future recovery.
New Developer Hosting May Support Long-Term Growth
While short-term price forecasts remain bearish, Pi Network recently introduced an update to its platform that could strengthen its ecosystem. The core team announced it would begin directly hosting developer applications, removing the need for external infrastructure like servers and security systems.
This change is expected to lower the barrier for developers, enabling faster, easier creation of applications that use Pi for payments and transactions. It could help attract more developers to the platform and gradually increase the utility and use cases for the Pi token.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.