Pi Coin continues to stumble as negative market sentiment takes hold. After sliding nearly 20% in the past week, the token is now trading around $0.48, and the outlook remains grim.
Technical indicators suggest that further downside may be on the horizon, with traders growing increasingly cautious.
A bearish crossover recently appeared on the MACD chart, signaling that bullish momentum has likely broken down. This kind of pattern is typically interpreted as a warning that sellers are gaining control. In Pi’s case, the shift comes at a time when market confidence is already low, making a rebound less likely in the short term.
The situation could worsen with a massive token unlock just around the corner. Over 312 million Pi tokens—valued at more than $150 million—are scheduled to be released into circulation in the next 30 days.
With demand already weak, analysts fear that this supply shock could trigger a fresh wave of selling and deepen the downtrend.
What’s particularly concerning is the absence of any strong catalyst to drive new interest or demand. Unlike other major tokens that benefit from ecosystem growth or high-profile partnerships, Pi lacks immediate drivers that could offset the looming dilution.
Unless sentiment shifts dramatically or market conditions improve, Pi could continue bleeding into the months ahead.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/pi-token-unlock-raises-red-flags-as-price-keeps-sliding/