The PI network is once again under pressure because important market indicators become a downward approach and token unlocking. The token has dropped by more than 3% in the past 24 hours to negotiate $ 0.5605, with technical graphics showing a neutral trend on port.
The continuous downward trend
The RSI and Stochastic remain neutral, showing no strong direction on each side. Although he seems to be under pressure, there are a few signs that he could try to hold the ground for the moment.
Since May 21, Pi has been stuck in a lower trap. The model, marked by lower ups, indicates that sellers dominate the market and that buyers find it difficult to repel. If the downward trend continues, Pi could reset its $ 0.40 low or even fall further. But if the purchase interest resumes, it could bounce back towards the level of $ 0.65.
Pi could soon crash at $ 0.40!
Yesterday, on June 17, the token dropped 11%, reaching a minimum of $ 0.5311. This drop began after the team announced that the domain auctions. PI would be moved to a separate section of the main main operating function, which failed to excite users. In the past two days, PI has increased from $ 0.6345 to around $ 0.5,450.
Dr. Altcoin warns that Pi Coin could crash at $ 0.40 if there is no major update on June 28. In addition, June and July 2025 should deliver the biggest locks of token of the year, which could affect the price. According to Piscan.io, 164.49 million IP will be published in June, followed by 249.05 million in July, which is much higher than the monthly average of 136.61 million.
The Altcoin season is the key to the next pi escape
Another analyst says that the increase in PI prices depends on a broader change in the cryptography market. For altcoins as a pi to rally, Bitcoin must first break its top of all time, followed by Ethereum winning strength, which could trigger the Altcoin season. Until then, they can continue to exchange laterally.
