Recent mass token unlocks for Pi Coin led to a significant drop in its price. This article explores the reasons for the decline and the current market situation.
Reasons for Pi Coin's Decline
The price of Pi Coin reached an all-time low of $0.341 due to the release of over 19 million tokens on August 1. This event aggravated the decline, as a previous unlock of 8 million tokens in May 2025 had already caused a similar 30% reduction.
Technical Analysis and Indicators
Technically speaking, Pi Coin has breached key support levels. The breakdown below the Fibonacci 78.6% retracement level at $0.389 opened the door to $0.35. The RSI stands at 26.02, marking its lowest point since June. Furthermore, Pi Coin has lagged behind broader crypto trends, with a correlation of -0.27 with Bitcoin.
Outlook and Price Targets
If the $0.32 support level fails, further declines due to panic selling may occur. On the other hand, a projected reduction in daily unlocks in September to 5.3 million may ease pressure on the price. If Pi manages to reclaim the $0.4022 resistance level, it may reach $0.52 in the short to mid-term.
The situation with Pi Coin remains unstable following recent events. Current support levels and potential changes in token unlocks will likely determine the future price direction.
