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Pi coin is currently trading at $0.5423, up 0.9% in the last 24 hours. The Pi Core Team recently shared a 100-day update since the Open Network launch, which gave Pi Coin a slight lift after its recent price struggles.
Despite the update, Pi remains down over 12% this week and nearly 29% this month. Most technical indicators show bearish signals. The price is consolidating within a symmetrical triangle, narrowing between $0.54 and $0.74. A breakout above $0.74 with a successful retest could lead to a major rally.
Risks Ahead: Token Unlock & Sell Pressure
However, risks remain high. Exchange wallet balances are rising, which shows that investors may be preparing for sell-offs. Besides, a large number of tokens are set to hit the market in June and July, which could put more pressure on Pi’s already struggling price.
June 28: Make-or-Break Moment
With Pi Day approaching on June 28, the community is eagerly waiting for key updates, especially on the GCV, a community-driven idea valuing 1 Pi at $314,159. If the Core Team announces the open mainnet or addresses GCV, it could spark major price action. But if they stay silent, it may trigger mass sell-offs and a loss of trust, with many users losing interest.
Will Pi Coin Rise to $10 or Crash to $0.40?
Analyst Mr. Spock believes that a few clear updates on or before Pi Day could push Pi into the spotlight and drive it towards the $5–$10 range.
Analyst Dr. Altcoin warns that without a major update, Pi could fall to $0.40 by August. But as token unlocks slow down by late August, selling pressure may ease, opening the door for a possible recovery.
By the end of this week, Pi Coin is expected to trade between $0.60 and $0.74, according to CoinDCX. A clean breakout and retest near $0.74 could spark a strong rally if sentiment improves ahead of Pi2Day.
Pi Coin Outlook for Late June
If Pi breaks above $0.74, the price could rally to $0.85–$0.90. But if it fails to hold $0.60, it may drop toward $0.52, if there are no major updates or exchange listings before the next token unlock on July 1. Pi Coin is expected to trade between $1.20–$1.80 for most of July, with high volatility in the final week.
CoinCodex predicts Pi Coin could drop to $0.37–$0.43 in the near term. In July, the trend may shift slightly positive, with prices hovering around $0.40–$0.43. By August, a slow recovery is expected.