The price of Pi (PI) token is experiencing volatility amid expectations surrounding network fundamental updates.
Current Price Situation Overview
Currently, the Pi token is trading around $0.58, down nearly 8% intraday after a 12% surge earlier this week. Technical analysis shows resistance at around $0.66, while on-chain fundamentals remain mixed. The market is evaluating short-term volatility against long-term potential.
Price Analysis and Forecast
Since its launch, the Pi has faced significant upward pressures. However, subsequent price increases met substantial resistance from buyers. Current patterns and technical indicators suggest a possible decline to $0.5 if the current level cannot be defended. If bulls manage to trigger a rebound, a breakout could follow.
Impact of Upcoming Pi2Day Event
The Pi2Day event scheduled for June 28 may serve as a critical milestone for the network. Expectations for updates during this event, such as AI integration and KYC enhancements, are increasing investor interest. If key promises are confirmed, there may be upward price momentum with potential growth beyond $0.7.
In anticipation of the Pi2Day event and the upcoming token unlock, the market remains volatile. The success of the updates could determine the short-term price direction for Pi.
