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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.

Pi Network Price Consolidates After 2951% Surge

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.

From Feb 27 to Apr 4, PI fell 81.43%

From May 7 to May 13, it rebounded 112.96%

But heavy selling returned on May 14, and between May 14–17, PI plunged another 43.63%

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.

Volume Collapse and Exchange Netflows Signal Bearish Trend

According to the latest data:

PI trading volume dropped 44% in the last 24 hours

6.11 million tokens were deposited to exchanges

3.8 million were withdrawn

Net inflow: 2.27 million tokens, suggesting heavy sell pressure

This surge in exchange deposits indicates users are preparing to offload PI tokens, a red flag for bulls.

Technical Analysis: A Breakdown or Breakout Ahead?

Several key indicators are flashing bearish warnings:

Bollinger Bands: Bands have narrowed, indicating an upcoming breakout. PI is currently below the lower band ($0.5669) — a potential breakdown signal if it closes there.

ATR (Average True Range): Dropped from 0.1771 (May 16) to 0.0612, showing low price movement and building pressure for a major move.

50-Day SMA: PI trades well below its 50-day SMA of $0.7074, suggesting a lack of bullish momentum.

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.

Key Price Levels to Watch

Support: $0.40 (last week’s low)

Resistance: $0.8031 (May 26 high)

Psychological barrier: $1.00

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.

Upcoming Catalysts: Pi2Day and Exchange Listings

Despite bearish indicators, some bullish events could shift sentiment:

Exchange Listings: Rumors of a Binance listing could spark a short squeeze, driving prices up sharply.

Pi2Day – June 28: The Pi Network community will celebrate the ecosystem’s progress. The core team often makes key announcements on this day, which could ignite renewed buying.

Conclusion: Brace for Volatility

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.

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Filed under: Bitcoin - @ June 17, 2025 11:24 am