Pi Network price fit face possible new all-time low as bearish pattern dey form
Pi Network price don bounce small from e low wey e hit on June 6 around $0.119, but risk still high as one bearish continuation pattern dey build. For June 12, Pi Network dey trade around $0.128 after e gain about 1.8% inside 24 hours as crypto market generally bounce back.
Technically, the article talk say e get descending-triangle / inverse cup-and-handle pattern for the 4-hour chart, with key support for $0.124–$0.125. If e break down under this zone, e go confirm bearish continuation and fit target around $0.116, fit drag Pi Network price to risk of fresh all-time low.
Fundamentals dey stressed by supply: about 144.45M PI tokens suppose unlock for next 30 days (~2.33% of locked supply). The biggest single-day release for the period dey forecast for June 12 (over 14.8M PI). The article note say liquidity thin, so Pi price dey vulnerable to selling from early miners and users wey dey finish KYC and Mainnet migration.
On-chain positioning dey mixed-to-cautious. Recent wallet data show 579,018 PI comot from tracked centralized exchanges vs 319,304 PI inflows (net outflow ~259,714 PI). But exchange balances still high (~546.4M PI), and the unlock schedule fit outweigh short-term relief.
Catalyst risk still dey: Pi Core Team require all Mainnet node operators to complete Protocol 25 upgrade by June 18, or dem fit disconnect those wey no comply. The upgrade aim to add compatibility with Stellar Core V20 and support Soroban smart contracts—this fit be upside story but e fit no balance near-term unlock and chart pressure.
Bull case levels: reclaim $0.130 then break above ~ $0.145 to invalidate the bearish structure.
Bearish
Di setup dey bearish because di article combine (1) one bearish continuation structure wey dey develop around key support and (2) persistent near‑term supply pressure from big PI unlocks. For past token‑unlock cycles for crypto, price dey struggle when unlock volumes big and liquidity thin: even if inflows/outflows dey look favorable small‑time, sellers dey show face again when newly available tokens land for exchange wallets.
Short term, Pi Network price dey most sensitive to $0.124–$0.125 support area. If breakdown confirm, e fit trigger momentum selling and increase chance say price go visit June low near $0.119 again and maybe set fresh all‑time low. Article still mention overhead resistance ($0.130 and ~ $0.145) wey bulls must reclaim; until dem do, lower highs/lower lows and MACD weakness keep trend risk skewed to downside.
Long term, Protocol 25 upgrade by June 18 and Soroban‑related roadmap be constructive narratives, but dem no be immediate catalysts strong enough to negate unlock‑driven market mechanics. Traders therefore suppose to watch both: (a) chart invalidation levels for Pi Network price, and (b) whether unlocks go turn into sustained exchange inflows wey go amplify selling pressure.