The Pi Network market (PI) is currently in a crucial consolidation phase, trading within a narrow range as investors await potential announcements from the Pi Core Team around Pi Day 2 on June 28. With the open Mainnet launch expected at the end of 2025, early traders and users are preparing for clarity and changes in market dynamics.
Pi Network price prediction: What's next?
After reaching a local high of 2.9645 dollars, the PI/USDT pair has sharply decreased, forming a strong support base near 0.38 dollars. This area has become the foundation of a descending triangle, a structure that is often resolved with a significant move.
If the level of 0.38 is broken, analysts expect the price to drop to 0.16, at which point the large external demand zone may attract strong interest from buyers.
In terms of price increase, a breakout above the upper trend line of the triangle will signal a major reversal, with bullish targets outlined by technical analysts.
Chartists closely monitoring the WXY correction pattern say: "Currently, the best strategy is to trade within the range while the structure is completing."
Pi Day 2 could be a game-changing turning point — But can the core team achieve that?
The Pi community in general is very excited for Pi Day 2 on June 28. Many are hoping that the Pi Core Team will provide the latest updates on the deployment of the Open Mainnet or token utilities, which could bring a new lease of life to the stagnant market.
If there is no such catalyst, the price could continue to drop, with some predictions estimating that the price will fall to $0.40 or even lower by the end of August.
The process of unlocking Pi is slowing down — Could that trigger the recovery process?
A positive development: the Pi unlocking rate is expected to decrease by the end of August. This could reduce selling pressure, providing much-needed relief and restoring investor confidence heading into Q4. As the structure opens up and the Open Mainnet timeline approaches, all eyes are on $0.38 and the descending triangle breakout area, which could potentially determine Pi's next major move.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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HoardingPiCoin'sStickyBeanBag
· 06-05 22:16
Steadfast HODL💎
Reply0
Li8881567
· 06-05 16:19
Quick, enter a position! 🚗
Reply0
LiBaiRidesABoat
· 06-05 13:49
Just change to a wallpaper that is neither painful nor irritating, what else can you expect?
Reply2
PhysicalPublicChain
· 06-05 12:34
If it really can fall, it will be a great opportunity given to me by God!
Price Prediction for Pi Network Before the Potential Announcement on June 28
The Pi Network market (PI) is currently in a crucial consolidation phase, trading within a narrow range as investors await potential announcements from the Pi Core Team around Pi Day 2 on June 28. With the open Mainnet launch expected at the end of 2025, early traders and users are preparing for clarity and changes in market dynamics. Pi Network price prediction: What's next?
After reaching a local high of 2.9645 dollars, the PI/USDT pair has sharply decreased, forming a strong support base near 0.38 dollars. This area has become the foundation of a descending triangle, a structure that is often resolved with a significant move. If the level of 0.38 is broken, analysts expect the price to drop to 0.16, at which point the large external demand zone may attract strong interest from buyers. In terms of price increase, a breakout above the upper trend line of the triangle will signal a major reversal, with bullish targets outlined by technical analysts.
Chartists closely monitoring the WXY correction pattern say: "Currently, the best strategy is to trade within the range while the structure is completing." Pi Day 2 could be a game-changing turning point — But can the core team achieve that? The Pi community in general is very excited for Pi Day 2 on June 28. Many are hoping that the Pi Core Team will provide the latest updates on the deployment of the Open Mainnet or token utilities, which could bring a new lease of life to the stagnant market. If there is no such catalyst, the price could continue to drop, with some predictions estimating that the price will fall to $0.40 or even lower by the end of August. The process of unlocking Pi is slowing down — Could that trigger the recovery process? A positive development: the Pi unlocking rate is expected to decrease by the end of August. This could reduce selling pressure, providing much-needed relief and restoring investor confidence heading into Q4. As the structure opens up and the Open Mainnet timeline approaches, all eyes are on $0.38 and the descending triangle breakout area, which could potentially determine Pi's next major move.