Pi Network is trading near a critical support zone, currently hovering around $0.50 just above last week’s low of $0.40. The absence of a confirmed mainnet launch and limited ecosystem utility continue to shape current sentiment.
Technical Snapshot
RSI: 35 near oversold territory
Momentum: Some early signs of stabilization on key indicators
Key Levels
Resistance: $0.57, $0.60, $0.71
Support: $0.51, $0.45, $0.40
Roughly 337 million PI tokens $185M are expected to unlock over the next 30 days. This supply increase may impact short term price movements, particularly given Pi’s limited exchange accessibility.
The upcoming Pi2Day june 28 may bring further clarity from the project team. Any updates around development milestones could influence sentiment.
Price action is at a decision point. A move above resistance may indicate trend reversal, while further downside could see support levels retested.
