The post Pi Network Reverses Weekend Gains appeared on BitcoinEthereumNews.com.

Key Notes With over 155 million Pi tokens set to be unlocked in the next 30 days, analysts warn of increasing sell pressure. A brief recovery may be possible between April 7–11, when daily unlocks fall to just 1.5 million tokens. Despite the price correction, crypto analyst Moon Jeff remains bullish, forecasting that Pi Coin could reach $3 by June. Following a quick 80% rally to $0.75 during the past weekend, Pi Network’s PI $0.56 24h volatility: 12.0% Market cap: $3.85 B Vol. 24h: $410.00 M price has once again crashed over 10% in the last 24 hours, moving to $0.55. Pi Coin’s price has been on a roller-coaster ride with heavy volatility over the past week. However, investor euphoria around the altcoin persists as daily trading volumes have been averaging over $450 million. Pi Network Price on Radar amid Token Unlocks Pi Coin’s price has faced heightened volatility over the past week as the Pi Network prepares for a major influx of unlocked tokens to centralized exchanges (CEXs). Market analysts believe that the Pi Core team should take urgent measures on Pi tokenomics, otherwise, Pi Coin risks falling to $0.30 and below. The looming unlock event has sparked concerns among investors about increased selling pressure. The lack of catalysts shows that the short-term outlook remains bearish. However, popular analyst Dr Altcoin believes that the next meaningful price recovery for Pi may not materialize until late August 2025. According to the Pi Scan statistics, the average daily unlock of Pi Coin right now is 5,165,585.82 π. Similarly, over the next 30 days, a total of 155 million PI tokens will be available in the market, leading to a major increase in supply. This would prevent the altcoin from rallying any further, while letting the bearish momentum to persist. However, the…

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Filed under: News - @ April 7, 2025 2:28 pm