Pi Network Price- Relief Rally Ahead?
Pi Network Price– After plunging over 70% from its May peak of $1.67, Pi Network’s native token (PI) appears to be finding some footing. Currently trading around $0.4575, the price has stabilized near a new support zone at $0.45, following a steep decline marked by consistent lower highs and lower lows.
Bullish RSI Divergence Suggests Possible Trend Shift
Despite continued downward price action into late June and early July, technical indicators are beginning to shift. A bullish divergence has emerged on the daily Relative Strength Index (RSI), where the indicator is printing higher lows even as price hits fresh bottoms. This kind of RSI divergence is a classic signal that bearish momentum is weakening and may precede a short-term reversal or relief rally.
If this setup materializes, initial resistance lies in the $0.50–$0.52 zone—the area of the recent breakdown. Analysts note that “trapped longs may create selling pressure” here, limiting upside momentum. However, a successful breach could open the door for a push towards $0.65, aligning with the spike observed on June 25.
Token Unlock Pressure Remains a Key Risk
Despite early bullish signs, the Pi Network token still faces considerable headwinds. According to PiScan, approximately 219 million PI are scheduled to be unlocked throughout July, with 19.2 million tokens released on July 4 alone. This single-day unlock accounts for roughly 4% of the circulating supply.
Such large-scale token unlocks often lead to increased selling pressure, potentially capping any short-term price recovery. Traders and observers should monitor market reactions closely as further unlocks unfold over the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
