Pi Coin Faces Ongoing Volatility Amid Token Unlock Pressure, While Codename:Pepe Enters Market with AI-Driven Features
Pi Coin continues to experience significant price volatility, trading between $0.57 and $0.76 in recent weeks. Over the last 24 hours, Pi Coin fell 5% to $0.6149, representing a 62% drop from its 2025 high and 80% below its all-time high. This decline is mainly attributed to millions of new tokens being unlocked daily, increasing sell pressure. Technical analysis shows the cryptocurrency struggling below key moving averages (10-day EMA at $0.6612 and 50-day EMA at $0.7729), indicating ongoing bearish momentum. Key support and resistance levels are now at $0.49 and $0.88, respectively. Oscillator indicators remain neutral to mildly bullish, with resistance seen near $0.66. Forecasts vary: CoinCodex sees a move toward $0.49, CoinDCX expects $0.68-$0.74 in June, and a possible recovery to $1.50 by late July. Meanwhile, Codename:Pepe, a new meme coin leveraging artificial intelligence, is entering the market, targeting growth-focused investors. It offers advanced sentiment analysis, meme coin identification, and a tiered presale structure. The contrasting performances of Pi Coin and innovative entrants like Codename:Pepe highlight increasing market competition and shifting investor sentiment. Traders should watch key catalyst events—like unlock schedule adjustments and Pi Day 2 announcements on June 28—as these could spark either further declines or a potential rebound. Ongoing project innovation, strong community engagement, and the ability to counteract sell pressure remain critical for both Pi Coin and new competitors to influence trader sentiment and overall sector dynamics.
Bearish
Pi Coin remains under heavy sell pressure caused by a persistent daily unlock of new tokens, pushing the price down 62% from yearly highs and 80% off all-time highs. The token’s inability to hold above key moving averages and the presence of strong resistance levels signal an ongoing bearish trend. Forecasts suggest continued downside risk, with key support at $0.49 and potential for further decline unless major positive developments or reduced unlock rates materialize. The emergence of Codename:Pepe contributes to heightened competition for investor attention. While new project innovation brings long-term sector dynamism, the current short- to medium-term outlook for Pi Coin itself is negative due to overwhelming supply and tepid technical strength.