The Pi Network token has shown recent sharp price fluctuations, drawing attention from analysts and market participants. This article examines current price levels and future forecasts.
Recent Price Fluctuations
Pi's price fell from $0.52 to around $0.45. Such fluctuations are typical for the crypto market, especially during consolidation phases. Trading volumes are also declining, which is expected in the current situation.
Analysis of Critical Support Levels
According to analysts, Pi is holding firm at a critical $0.40 support level. This is crucial, especially considering that 276 million PI tokens will be unlocked between June 28 and July 15, 2025. Despite the influx of new tokens, the price has remained stable, which can be seen as a positive sign.
Future Prospects of the PI Token
Analyst Dr. Altcoin notes that it has been over a week since Pi dropped into the $0.40 range, and it's unlikely to drop much lower. As the end of August approaches, the rate of new token unlocks is expected to slow by 30%, which may mean that July and August will mark the lowest price levels before a potential upward movement. There is also talk that if Pi can break above the descending price channel, new targets like $0.98, $1.38, and even $1.67 could be on the horizon.
The current situation with the PI token highlights the importance of support levels and price dynamics. With planned unlocks and ongoing ecosystem development, the market will closely monitor future changes.
