The price currently sits at approximately $0.64, representing a decline from earlier highs. This positioning has created uncertainty among investors about the token’s near-term direction.

Pi Network launched at $3 in February 2025 but has since lost more than 78% of its value. The steep decline has raised questions about the project’s ability to sustain investor interest and maintain price stability.

Recent trading data shows Pi dropped to as low as $0.604 over the weekend before recovering slightly. The token faces strong resistance at the $1 level, which analysts view as critical for attracting fresh investor confidence.

Technical analysis reveals concerning patterns for Pi Network. The MACD indicator shows a bearish crossover on the 4-hour chart, while the price remains within a descending channel formation.

The 50-period EMA, previously acting as support, has now become resistance at $0.7225. This shift in technical dynamics suggests continued downward pressure unless bulls can reclaim higher levels.

June brings a major challenge with 274.4 million Pi tokens scheduled for release. These unlocks carry an estimated value of $169 million at current market prices.

The timing of these unlocks coincides with already weakened sentiment around the project. According to PiScan data, this release follows recent token distributions that have added to selling pressure.

🔥 275 Million Pi Tokens Set to Unlock – Price Storm or Cleansing Tsunami? 🌊

In June, over 275M $PI will be unlocked. On May 30 alone, 11.5M Pi entered circulation, triggering a sharp 7% price drop to $0.66.

Check comment section for more info 👇 pic.twitter.com/TZWvz7BkIv

— Crypto Cloud 🟢 (@kizzyking020) May 30, 2025

The Pi Foundation controls over 90 billion tokens across more than 2,000 wallets. This centralized structure has prevented major exchanges like Binance and Coinbase from listing the token.

Limited exchange availability has restricted Pi Network’s market exposure and liquidity. This situation continues to hamper the token’s ability to reach broader investor audiences.

Transparency issues have become a growing concern within the Pi Network community. Users have expressed frustration over the lack of communication from founders Nicolas Kokkalis and Chengdiao Fan.

Dr Altcoin, previously a project supporter, has turned critical of the team’s approach. The analyst emphasizes that investor confidence requires transparency from project leadership.

The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40—unless the Pi Core Team becomes transparent. No investor wants to put money into something where the founders refuse… pic.twitter.com/KEvAwOyhX9

— Dr Altcoin (@Dr_Picoin) May 28, 2025

Community posts reflect mounting dissatisfaction with the project’s direction. Many users are demanding updates on mainnet development, real-world utility implementation, and exchange integration progress.

The team recently introduced gaming-related ecosystem updates. However, community feedback suggests these developments fall short of addressing core concerns about the project’s future.

The $0.6052 to $0.6280 support zone represents a critical area for Pi Network’s price action. A break below this range could trigger the predicted decline to $0.40 levels by August.

Analysts are watching for potential reversal patterns within this support zone. Bullish formations like Hammer or Morning Star patterns could signal a short-term recovery attempt.

RSI indicators have rebounded from oversold territory to around 46 on shorter timeframes. This suggests the token has room for upward movement if buying interest emerges.

The MACD histogram has turned green on some timeframes, indicating potential shifts in short-term momentum. However, the broader trend remains downward across multiple technical indicators.

A sustained breakout above $0.7200 with volume confirmation would be needed to signal an end to the current downtrend. Until then, downward pressure is likely to persist.

Some analysts maintain cautiously optimistic views for Pi Network’s longer-term prospects. CoinDCX projections suggest potential recovery in Q4 2025, with possible targets of $2.75 to $2.80 by December.

These projections depend on several factors including improved utility, stronger fundamentals, and broader exchange support. The success of these elements will likely determine the token’s ability to recover from current levels.

The project’s $100 million Pi Network Ventures Fund aims to support startups in AI, gaming, fintech, and e-commerce sectors. This initiative could create real-world applications for Pi cryptocurrency if successfully implemented.

Pi Network’s mobile-first mining model and user base exceeding 35 million users continue to generate interest despite price challenges. These fundamentals provide a foundation for potential future growth.

Current market data shows Pi Network trading around $0.65, down 0.52% in the last 24 hours according to recent exchange information.