Pi Network Price Prediction: June Crash or Recovery? Pi Coin Faces Make-or-Break Moment Near $0.62 Support
The post Pi Network Price Prediction: June Crash or Recovery? Pi Coin Faces Make-or-Break Moment Near $0.62 Support appeared on BitcoinEthereumNews.com.
The Pi Network Coin price is facing one of its most critical turning points yet. After weeks of declining sentiment and mounting community frustration, the Pi cryptocurrency is hovering near a crucial support zone around $0.62—a level that could determine whether the digital asset plunges further or stages a meaningful recovery. With the broader Pi Network market in flux, analysts and investors are now split on whether the asset will bottom out near current levels or continue sliding toward the $0.40 range. Bearish Momentum Deepens Around Key Support The PI Coin price dropped to as low as $0.604 over the weekend before recovering slightly to $0.6280. This decline has amplified concerns of a broader correction, especially as technical signals flash bearish across multiple timeframes. According to analyst Dr. Altcoin, “If the $0.6052 support fails to hold, Pi could face a dramatic 40% drop—bringing the price down to $0.40 by August.” Pi Network’s price must hold the $0.60–$0.62 support zone and break above the bearish trendline resistance to signal a bullish trend reversal. Source: Bullcrypto_1235 on TradingView Technical indicators support this cautious outlook. The MACD has shown a bearish crossover on the 4-hour chart, while the price remains constrained within a descending channel. The 50-period EMA, which previously acted as support, has now turned into a strong resistance at $0.7225. Unless bulls reclaim this area with conviction, downward momentum may persist. Token Unlocks Add to Selling Pressure Adding fuel to the fire is the upcoming release of 274.4 million Pi tokens in June—valued at around $169 million at current prices. These unlocks, as recorded on PiScan, are expected to increase selling pressure at a time when Pi crypto value is already under scrutiny. Over 275 million Pi tokens will unlock in June, following a recent 7% price drop to $0.66 after…
Filed under: News - @ June 1, 2025 7:14 pm