Pi Network Price Crash Looms as Traders Dump 6M PI Tokens
The post Pi Network Price Crash Looms as Traders Dump 6M PI Tokens appeared first on Coinpedia Fintech News
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- 3.8 million were withdrawn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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FAQs
As of June 17, 2025, Pi Coin (PI) is trading around $0.56-$0.57, down over 6% in the last 24 hours. It’s consolidating with low trading volume and bearish signals.
Potential bullish catalysts include rumors of a Binance listing, which could spark a short squeeze, and Pi2Day on June 28, where key announcements are expected.
