As Pi Coin hovers around the $0.54 mark, market participants are closely watching both internal project milestones and broader crypto trends for clues on its next move.
Several key factors could significantly influence the token’s trajectory in the months ahead.
Project-Specific Catalysts to Monitor
The pace of Pi Network’s Mainnet migration continues to play a central role in price dynamics. While over 12 million Pioneers have migrated so far, delays in processing referral bonuses and the gradual rollout of periodic migrations may hinder short-term ecosystem growth. According to the Pi Network blog, token issuance is tied to user migration, with the Core Team currently controlling 20% of the total 100 billion supply.
A major event on the horizon is the upcoming unlock of 276 million Pi tokens scheduled between June and July 2025. This tranche accounts for 3.7% of the circulating supply, and at current prices, it could introduce approximately $215 million in potential sell pressure. Historical precedent suggests these unlocks often lead to steep corrections — previous unlocks have triggered price drops ranging from 30% to 77% (PiScan).
Market and Technical Signals
From a technical standpoint, Pi Coin is consolidating within a symmetrical triangle pattern, with $0.54 serving as a key support level and $0.74 acting as resistance. Indicators currently lean bearish:
- Relative Strength Index (RSI): At 31.81, it signals weak momentum, remaining well below the bullish threshold of 50.
- MACD Histogram: Reading at -0.0064 confirms a bearish crossover.
- Psychological Support: The $0.50 mark remains a critical level. A breakdown below this could spark panic-driven sell-offs.
The broader market environment is also a limiting factor. With Bitcoin dominance currently at 64.2% and the altcoin season index sitting at just 19/100, there is minimal capital rotation into altcoins like Pi. Any shift toward an altcoin-friendly market environment could help reverse current bearish sentiment.
Conclusion
The future price of Pi Coin hinges on a blend of internal developments — particularly the pace of Mainnet adoption and token unlock management — and external market sentiment. A sustained move above key resistance levels or a pivot in capital flows from Bitcoin to altcoins could set the stage for renewed upward momentum. Until then, caution may prevail, especially with looming sell pressure from upcoming unlocks.
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-what-could-affect-its-price-in-the-future/