Pi Coin Drops Again — What Could Reverse the Trend?
Pi Coin is under renewed selling pressure, trading near $0.569 as short-term momentum weakens.
Despite a recent MACD bullish crossover and room to rise on RSI, the price remains below key resistance at $0.70, signaling a neutral-to-bearish technical setup.
The upcoming Pi2Day event on June 28 could shift sentiment. The team is expected to announce GenAI integrations, which may boost utility and renew investor interest.
Past events like PiFest attracted over 950,000 users, showing Pi’s potential to drive engagement around major updates.
However, a looming 268 million token unlock in July—about 3.5% of circulating supply—could trigger fresh selling. Combined with recent 263 million tokens unlocked in June and ongoing migration-related uncertainty, supply-side risks remain elevated.
On-chain data shows 72 million Pi tokens moved to exchanges in May, adding to bearish pressure. Technically, Pi must reclaim $0.702 to aim for $0.77, while losing $0.536 could lead to a retest of $0.47.
For now, Pi Coin sits at a crossroads—AI utility and exchange momentum may spark recovery, but token unlocks and weak technicals could extend the downtrend.
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