After a period of slight recovery, Pi Coin continues to face significant selling pressure and is struggling to maintain its position in the market. The price of Pi is currently fluctuating around $0.77 after reaching a short-term peak of $1.67 but failing to sustain the upward trend.
Price Volatility and Important Technical Levels
Since being listed, Pi Coin has witnessed several periods of strong volatility. Initially traded at $3, Pi quickly fell to $0.60 on the same day. However, just after 34 days, this coin recovered back to $3. This rapid recovery has led many investors to decide to take profits early, creating significant selling pressure around this price level.
Currently, the nearest resistance levels that Pi needs to overcome are:
$0.94
$1.20
$1.66
If Pi Coin surpasses these levels, the short-term price target could return to the $3.00 range — which was the former peak and also a strong psychological resistance level.
On the flip side, $0.65 is an important support area. If this level is breached, Pi's price risks entering a deeper decline.
Token Unlock Schedule: Increased Selling Pressure Risk
Another negative factor weighing on the price of Pi is the upcoming token unlock schedule, with a large amount of Pi set to be released into the market in just a few days:
May 26: 10 million Pi will be unlocked
May 27: 12 million Pi will be unlocked
May 28: 15 million Pi will be unlocked — the largest release in the next 30 days
The release of a large amount of tokens in a short period could lead to increased selling pressure, especially if investors want to quickly convert to cash before prices drop further.
Positive Signals from the Pi Network Ecosystem
Despite short-term price pressures, the Pi Network ecosystem is still making impressive development strides. According to analyst Kim Wong, there are now over 100 decentralized applications (DApps) built on the Pi platform, some of which are already operating on Mainnet, while others are being tested or developed.
Additionally, the announcement of a $100 million Venture Capital Fund has created a wave of excitement in the community. This fund is expected to accelerate the development of applications and expand the ecosystem, thereby enhancing the practical value of Pi Coin.
Strong User Growth
Pi Network has now surpassed 70 million global users, including:
20 million users have successfully completed KYC
4.3 million followers on social media X (Twitter)
Moreover, Pi Coin has now been listed on several exchanges and ranks #26 in market capitalization among all cryptocurrencies — a significant achievement for a project still in the process of finalizing its Mainnet.
Conclusion: Short-Term Instability – Long-Term Potential
In the short term, Pi Coin is facing many risks, including selling pressure from token unlocks and dense resistance areas. However, with a rapidly expanding ecosystem, a large community, and strong supporting investment funds, Pi still retains long-term potential if the development team continues to maintain growth momentum and address current technical challenges.