Pi Network Price Forecast Ahead of 103M PI Token Unlocks: Is More Crash Expected?

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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Pi Network Price Forecast Ahead of 103M PI Token Unlocks: Is More Crash Expected?
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Highlights

  • Pi unlocks may increase selling pressure across already weak markets.
  • PI holds $0.092 support while momentum indicators show limited recovery.
  • A break below support could expose Pi Network price to deeper losses.

Pi Network price fell 1.66% to $0.0984 as fresh token supply threatened an already weak market. The token recently touched a record low near $0.10. Meanwhile, 103.7 million PI tokens are scheduled for release this month. The bigger unlock may drive down prices unless there is additional demand. It fell more than most of the market, reflecting investor concern.

Pi Token Unlocks Raise Fresh Selling Pressure in July

Pi Network is on a massive supply test as over 103 million tokens are released. The total planned release is about 27 million PI tokens more than what was released in June.

The June unlocks released a total of 76.7 million PI worth of more than $7.5 million. The bigger allocation in July therefore could boost supply.

The tokens may be locked for a certain period, which can lessen the immediate strain on the market. But the sale could accelerate if there is an increase in demand for liquidity among holders.

Additional unlocks are expected over the coming months, potentially adding tokens worth more than $60 million overall. This schedule could influence Pi’s medium-term price direction.

Crypto Market Weakness Adds Pressure on Pi Network Price

The broader crypto market experienced small declines as Pi lost ground. The crypto market value slipped 0.24%, while Bitcoin declined 0.32%.

Bitcoin price has pushed past $64,000 even as $95 million flowed out of ETFs. Empery Digital also sold 1,400 Bitcoin to pay off debt and artificial intelligence initiatives.

Meanwhile, Ethereum saw estimated ETF outflows of roughly $52 million accompanied by a note from analysts on increasing leverage. XRP’s price hovered around $1.10 as derivatives trading activity remained weak.

These conditions helped to dampen interest in smaller tokens such as Pi. This means that the performance was affected by supply issues, as evidenced by Pi’s larger drop on the daily chart.

Will Pi Network Price Fall Further if the $0.092 Support Breaks?

The price of Pi Network was trading at $0.09834 on Friday, extending its overall downturn.

The four-hour chart shows Pi Network price trading below the former $0.110 support, which has now become an important resistance level.

However, PI has started consolidating above $0.092, suggesting buyers are attempting to defend this key support area.

The RSI was nearly 31.55, which means that PI is slightly over oversold levels on its four-hour chart. Meanwhile, the RSI moving average was still in the weak market momentum zone around 29.30.

Pi Network Price Forecast Ahead of 103M PI Token Unlocks: Is More Crash Expected?
Source: Tradingview

The MACD line crossed over the signal line and the histogram went positive in the last sessions. The move indicates that bearish momentum is losing steam, but both MACD lines are still negative and indicate market weakness.

A sustained recovery above $0.110 could build the confidence of the buyers and extend the possibility of approaching the $0.130 resistance area as per the future Pi coin outlook.

Conversely, a clear break below $0.092 could expose Pi Network price to further losses as sellers regain control.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. How many PI tokens will unlock in July?

About 103.7 million PI tokens are scheduled to enter circulation during July. This amount exceeds the total released during June.

2. Why could the PI token unlock pressure the price?

Token unlocks increase the available market supply. Selling pressure could rise if recipients decide to convert their newly released tokens.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.