PI Price Prediction: Over 272 million Tokens unlocking may act as a catalyst, critical support at $0.40 in jeopardy.

The price of Pi coin may be facing a significant risk of a major breakdown and fall. Currently (July 8), the price of the Pi Network Token PI is $0.45437, down 72% from the high in May, far below its historical peak. If it loses the key support level of $0.40, it could further decline.

Massive Token Unlock: The Largest Selling Pressure This Month is Coming This month, the biggest downside risk facing Pi coin comes from the token unlocking event:

• Unlock Quantity: Over 272 million Pi Tokens are about to be released into circulation.
• Unlock Value: Calculated at the current price, worth over 106 million USD.
• Impact of Unlocking: This release will significantly increase the Token circulating supply. When market demand is weak, a large influx of new tokens into the market usually has a negative impact on cryptocurrency prices, creating Token unlocking selling pressure.

Unlocking Schedule: Largest Scale in the Next Three Years

• This unlocking is the largest scale one until December 2027 (the next large-scale unlocking will be in December 2027, exceeding 432 million coins).

• Following closely, there will be monthly unlocks over the next three months.

• Maximum Supply Risk: The total supply of Pi is as high as 100 billion coins, with a current circulation of only about 7.6 billion coins (accounting for 7.6%). This means that there are still over 92.7 billion tokens waiting to be released in the future, posing a long-term token inflation risk.

  

Fundamental bullishness has failed, unlocking pressure dominates the market Despite the recent important progress announced by Pi Network, such as the launch of a $100 million ecological fund and the introduction of Pi Network AI Studio (to facilitate users in developing AI applications), the price continues to be under pressure. This indicates that the current market is more focused on the selling pressure brought by the token unlock.

Pi Token Price Technical Analysis: Double Bottom Pattern vs Downward Risk

• Potential bullish pattern: The daily chart shows that Pi coin may form a double bottom pattern around $0.40, with the neckline at $1.6466. If it can hold above $0.40 key support level, it may indicate a rebound.

• Severe Reality Resistance: The current price is still constrained by the short-term and medium-term moving averages (which form strong resistance), and the overall technical aspect is relatively weak.

• Key Breakdown Risk: If it falls below the $0.40 double bottom support, the downside space will be completely opened up, potentially experiencing a big dump of over 90%, dropping towards the historical low of $0.0062, causing severe damage to Pi coin investors.

• Bearish invalidation signal: The current bearish outlook will only be invalidated if the price breaks through the $0.6642 key resistance level (June 25 high), potentially opening up space for a rebound to $1.

  

Conclusion: Support level becomes the lifeline for bulls and bears The Pi Network, which once carried high hopes, has shown disappointing performance in its token price from the current perspective. Technical analysis clearly indicates: if the $0.40 key support level is lost, Pi coin faces a significant crash risk. This month's massive token unlocking events are likely to become a catalyst for price breakdown. Investors need to closely monitor the $0.40 support level defense battle, be cautious of the cryptocurrency market flash crash risk, and carefully assess buying opportunities.