Over the past week, the cryptocurrency Pi Network has seen an impressive surge of 90%. While there has been a slight decline in the last 24 hours, the overall trend remains optimistic.
Impact of Upcoming Coin Unlock
By May 14, 2025, around 5.17 billion Pi coins are locked, valued at approximately $6.19 billion. Over the next month, a scheduled release of 265.44 million coins, or 5.13% of the locked coins, is predicted to stir notable selling pressures.
Technical Insights and Prospects
Despite the anticipated increase in supply, technical analysts remain hopeful. A potential breakout from a parallel channel formation in the charts could see Pi’s price climbing by another 234%, aligning it with significant market competitors and boosting its market capitalization to an estimated $39 billion.
Expectations and Short-Term Fluctuations
Investors closely observe both fundamental metrics and technical charts alongside coin release timelines. Though short-term volatility is anticipated, the medium-term outlook stays positive.
Looking ahead, while immediate fluctuations are possible due to the scheduled coin unlocks, enduring optimism in Pi Network's potential indicates promising long-term prospects.
