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- 3.8 million were withdrawn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.
