Pi Network Faces Token Tsunami — Can $PI Survive the April Sell-Off?

The native cryptocurrency Pi Coin (PI) from Pi Network experiences high volatility, as its prices declined substantially compared to annual peaks. Due to various ongoing market conditions, expert analysts believe Pi Coin will undergo another 25% value decrease after its previous 80% price drop. Continuous token unlock procedures are key to reducing the coin’s value by increasing the total supply available in the market. 

Could Pi Price Face Another 25% Drop Amid Rising Bearish Sentiment?

The technical analysis shows Pi Coin breaking down from a bearish rising wedge pattern, as this pattern frequently indicates further price falls. Several analysts now forecast Pi to fall between $0.44 and $0.45 because of expected price reductions, totaling approximately 25% below present levels. The Relative Strength Index (RSI) for Pi Coin shows signs of reaching oversold territory with current values at 31. However, this indicates only a weakening momentum rather than a price reversal.

Image 1- Pi Coin Chart, provided by Emmaculate, published on TradingView, on April 17, 2025.

Pi price faces strong resistance around $0.82, where the 200-day Simple Moving Average on the four-hour chart exists. The current market valuation is significantly lower than the $0.87-$0.45 price point, which strengthens the bearish market prediction. Current bearish market patterns dominate, while the recovery of this support level could serve as a potential reversal indicator, but only from a short-term perspective.

What Impact Will Pi’s Token Unlock Have on Market Sentiment?

The token unlock events currently running in the market significantly push Pi Coin price downwards. The circulation numbers of Pi tokens reached 2.8 million on April 16, 2025, before the daily release schedule began its run until the end of April. The total number of unlocked PI tokens during April 2025 will hit 108.9 million, thus leading to increased market supply levels. Over the next 12 months, a broader schedule will release tokens into circulation, progressively putting downward pressure on Pi.

Image 2- Pi Unlock Chart, provided by PiScan, April 17, 2025.

The continuous increase of PI tokens released daily, between 5 and 6 million tokens, will result in a rising supply and increasing market pressure, which should cause additional price drops. The current token unlocks will generate market turbulence before causing potential downward pressure on Pi Network’s price.

Can Pi Price Bounce Back?

A price recovery for Pi Coin seems feasible, but current market trends indicate a negative outlook. Pi Network’s decentralized model shows promise for future growth, while its substantial user base development continues to progress. Pi Network’s ecosystem growth and new use cases for the Pi Coin can result in a price surge when the released tokens find buyers in the market.

Investors must exercise caution throughout the near term because the substantial number of released tokens would likely maintain downward pressure on markets. Traders should keep updating their positions based on the calendar that shows when Pi tokens will become unlocked.

What’s Next: What Does the Future Hold for Pi Coin?

The current situation for Pi Coin remains ambiguous due to strong negative market forces generated by continuous token unlock programs. Market participants anticipate further short-term price declines because a 25% reduction may arise from ongoing token unlocks. Pi’s future trajectory depends on stability indicators and higher market demand throughout its network development.

The expansion of Pi depends heavily on developing its ecosystem, user base, and practical applications outside of token unlocks that happen in the present. Will Pi Coin survive the existing financial downturn once unlocking activities end?

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