Pi Network Price Prediction Ahead of Potential Announcement June 28

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The Pi Network (PI) market is in a critical consolidation phase, trading in a tight range as investors await a potential announcement from the Pi Core Team around Pi Day 2 on June 28. With the Open Mainnet launch scheduled for late 2025, traders and early adopters are bracing for clarity and a shift in market momentum.

Pi Network Price Prediction: What Next?

After hitting a local high of $2.9645, the PI/USDT pair sharply retraced, forming a strong support base near $0.38. This zone has become the foundation of a descending triangle, a structure that typically resolves with a significant move.

If $0.38 breaks down, analysts expect a plunge toward $0.16, where a major external demand zone could bring strong buyer interest.

On the bullish side, a breakout above the upper trendline of the triangle would signal a major reversal, with upside targets already outlined by technical analysts.

“Right now, the best strategy is to trade the range while the structure matures,” say chartists following the WXY corrective pattern closely.

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Pi Day 2 Could Be a Game-Changer — But Will the Core Team Deliver?

The broader Pi community has been buzzing with anticipation ahead of Pi Day 2 on June 28. Many expect the Pi Core Team to provide fresh updates on the Open Mainnet rollout or token utility, which could inject new life into the stagnant market.

Without such a catalyst, the price may continue to drift lower, with some projections estimating a drop toward $0.40 or even lower by the end of August.

Pi Unlocking Set to Slow — Can That Trigger a Recovery?

One positive development: the rate of Pi unlocking is expected to decline by late August. This could ease selling pressure, providing much-needed relief and restoring investor confidence heading into Q4.As the structure unfolds and the Open Mainnet timeline draws nearer, all eyes remain on $0.38 and the descending triangle breakout zone, which will likely determine Pi’s next major move.