What does June have for Pi Network (PI): Will it rise above 1 USD or fall back to 0.4 USD?

Pi Network, a controversial blockchain project, had a promising start this month; however, the growth momentum did not last long. After reaching a peak in February at nearly 3 dollars, Pi has fallen into a strong bearish trend, losing more than 75% from this peak. As of now, PI is trading at 0.67 dollars, down 6.4% in the last 24 hours and 15.6% over the past week, raising questions among many investors about the future of this currency.

PI stuck in a narrow range with a bearish trend

Pi Coin is currently stuck in a narrow range, oscillating between the price of $0.67 and $0.81. Although the value of this coin has plummeted, the trading volume has recorded a significant increase, amounting to more than 40% in the last 24 hours, reaching $175 million. However, on-chain indicators indicate that the inflow of money into exchanges is on the rise, which warns that many investors are preparing to sell. In particular, in June, about 275 million Pi will be unlocked, and the next unlocks in July and August will be 233 million and 132 million Pi, respectively. This could create a strong selling pressure, further pushing the price lower.

! PI Token Unlocked Data | Source: PiscanTechnically, the bearish trend is still dominating the Pi market. The (EMA moving averages and the 10, 20, 50, 100 ngày) SMAs are all above the current price levels, indicating that the current bullish momentum is very weak. In addition, the Bollinger Bands are also narrowing, while the MACD indicator remains in the negative zone. The RSI is currently at 42.52, indicating that the market is falling into a neutral state. If Pi fails to break through the resistance level in the range of $0.75-0.78, then the next support levels will be $0.6, and $0.5 are the ones that can attract the attention of investors.

PI price chart 1 day | Source: TradingView## The future of Pi: Can it recover back above 1 USD?

As the first half of 2025 comes to a close, Pi Network may face a stronger wave of sell-offs. In the context of the cryptocurrency market being heavily impacted by global economic concerns and future uncertainties, the value of Pi may continue to fall. The possibility of investors withdrawing their funds from the market could push the price of Pi down to the range of 0.58 – 0.65 dollars in the short term.

However, if investor interest returns and trading volume continues to increase, Pi Network still has a chance to recover. The target price in the near term could reach between $1.00 – $1.20, if this positive trend is maintained. CoinDCX said that if this trend continues, Pi could hit $1.82 by the end of June. However, forecasts from experts such as Dr Altcoin are quite cautious. He warned that the Pi price could continue to fall to $0.4 in August, unless the Pi Core team increases transparency and demonstrates significant progress in project development.

Although the current value of Pi Network is facing many difficulties and the technical trend is weak, this project is still striving to build a solid foundation for the future. With the support of a $100 million venture capital fund, Pi Network is aiming to develop real-world use cases in important fields such as financial technology, gaming, e-commerce, and artificial intelligence (AI). These moves could help Pi build long-term value, especially as market demand increases.

However, the current technical picture of Pi is still very weak, and this cannot change immediately. Indicators show that the market has not yet shown any significant signs of recovery. Therefore, until there is a significant increase in demand and the Pi development team enhances transparency and information about future plans, it is difficult to expect a strong breakthrough for this currency in the short term.

In the current context, investors need to be cautious and closely monitor the developments of Pi Network. Despite temporary difficulties, Pi still has great long-term potential, if the development team can improve transparency and increase community interest. However, the uncertainty in today's market may lead to significant fluctuations, and investors should prepare mentally for rapid changes.

In summary, Pi Network is facing many challenges, but there are also plenty of opportunities for recovery if there are positive changes in strategy and transparency from the development team. Investors need to carefully assess the market situation and make informed decisions based on analysis and updated information.

Annie