After a burst of optimism earlier this summer, Pi Network appears to be losing steam, with traders now bracing for a possible break below the $0.40 mark.
What once looked like the start of a sustained upswing is now giving way to caution, as hype fades and supply pressures mount.
Recent headlines celebrating new app integrations and developer support on the Pi platform provided a short-term lift—but many analysts believe the market has already digested this news. The emotional high from the Pi2Day campaign and ecosystem updates is wearing off, with price action failing to maintain momentum.
What’s looming larger in traders’ minds is the upcoming unlock of over 276 million PI tokens in July. This influx—representing nearly 4% of the network’s supply—is expected to test market resilience. With no major news or launches forecasted to balance out the added liquidity, sentiment is beginning to sour.
Looking back, Pi has shown a consistent pattern: sharp spikes around major announcements, followed by rapid corrections. From the Mainnet rollout to promotional events, none have delivered lasting price stability. That track record continues to weigh heavily on long-term investor confidence.
The $0.40 threshold now stands as a fragile line of defense. If breached, analysts suggest it could trigger technical patterns that might attract bargain hunters—but only if broader sentiment doesn’t deteriorate further.
Still, not all signs point to weakness. Pi’s latest infrastructure shift—allowing the core team to host developer applications directly—could be a game-changer for adoption. By lowering the barriers for launching Pi-powered apps, this backend overhaul may foster future growth. Yet, those long-term benefits are unlikely to offset short-term price pressures.
For now, traders are watching closely as Pi enters a potentially volatile stretch. The next few weeks could determine whether the project can hold ground or slips into deeper correction territory.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/pi-network-runs-out-of-steam-is-a-rebound-still-possible/