As Pi Coin (PIUSDT) continues to attract attention in the crypto space, traders are now eyeing a crucial moment: a significant token unlock set to occur over the next 30 days.
With over 212 million tokens scheduled for release, worth more than $129 million, the implications for price action are front and center. Here’s a breakdown of the current market structure and what this unlock could mean for Pi’s near-term future.
Key Support and Resistance Levels
Over the past few weeks, PIUSDT has been locked in a downtrend, struggling to reclaim higher ground after reaching levels above $1.00 earlier this year. The 4-hour chart shows a series of lower highs, with recent price action consolidating between $0.60 and $0.70 — a range that may soon break under the pressure of new supply entering the market.
Support Levels
- $0.60: The current consolidation zone. This level is acting as immediate support, but continued pressure from sellers could see it give way.
- $0.53: A key local low formed on April 6th. This level sparked a sharp intraday recovery and may serve as a strong demand zone if revisited.
- $0.48: A psychological and technical support that could be tested if bearish momentum accelerates.
Resistance Levels
- $0.70: A local resistance formed after the bounce from $0.53. Buyers will need to reclaim this level to challenge the broader downtrend.
- $0.82: A major resistance area that acted as a support zone in late March. A break above this could signal a shift in trend.
- $1.00: A key psychological milestone. Reclaiming this level would likely require a major catalyst, such as a centralized exchange listing or fundamental upgrade.
Token Unlock: 212 Million Pi Set to Hit the Market
According to the latest on-chain data, over 212.6 million PI tokens — approximately 4.14% of the total locked supply — are set to be unlocked over the next 30 days. That equates to roughly 7 million tokens per day, valued at $4.3 million daily at current prices.
This massive unlock is one of the most significant events in Pi Coin’s recent history and could act as a key driver for price action in the weeks ahead.
Will the Token Unlock Push Prices Lower?
Historically, large-scale token unlocks have led to downward pressure on prices — especially when they involve early holders, insiders, or contributors gaining access to liquidity for the first time. According to reports from respected research firms like Messari and Token Unlocks, similar events in other ecosystems have often triggered short-term selloffs due to:
- A sudden increase in circulating supply
- Lack of immediate demand to absorb the unlocked tokens
- Profit-taking by early adopters
In Pi’s case, the situation is even more delicate. The project is still in its early public phases, and major centralized exchanges have not yet fully integrated tradable PI tokens (with most listings operating as IOUs). As such, the actual supply hitting the market could create disproportionate price impact — especially if holders rush to liquidate once given the opportunity.
But Not All Unlocks Are Bearish
While unlocks often lead to short-term corrections, the broader market context matters greatly. If the Pi Network team aligns this unlock with:
- Major ecosystem announcements
- New dApp launches
- Exchange partnerships or listings
Conclusion
Pi Coin is entering a critical phase. With price consolidating just above a key support level at $0.60, and a major unlock event looming, the next few weeks could define the project’s short-term trajectory.
Traders should closely monitor the $0.60 and $0.53 support levels for potential breakdowns, while watching $0.70 and $0.82 for breakout opportunities. Meanwhile, the token unlock adds a layer of complexity — one that could either reinforce current bearish sentiment or ignite renewed interest, depending on how it’s handled.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/pi-coin-faces-critical-levels-ahead-of-major-token-unlock/