PI Token Price Drops 20% as Sell Pressure Mounts PI Token Price Drops 20% as Sell Pressure Mounts

PI Token Price Drops 20% as Sell Pressure Mounts

PI’s price has struggled to maintain upward momentum over the past week, plunging by nearly 20% in the past seven days. 

Trading at $0.48 at press time, the altcoin continues to face intense bearish pressure, with technical and on-chain data reflecting the market’s negative outlook.

Bearish Signals Mount for PI

The fresh bearish crossover on PI’s Moving Average Convergence Divergence (MACD) suggests the potential for deeper losses in the near term. This pattern emerges when an asset’s MACD line (blue) falls below its signal line (orange), indicating a breakdown in the market’s bullish structure. 

PI Price Prediction. Source: TradingView

The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

As is the case with PI, when the MACD line crosses below the signal line, it signals growing bearish momentum and fading buying strength. Traders interpret this setup as a sell signal. If selling activity accelerates as a result, it could intensify the downward pressure on PI’s price.

Furthermore, PI faces a significant token unlock event in the coming month. Data from PiScan shows that 312.29 million PI tokens, valued at $152 million at current prices, will be unlocked over the next 30 days.

Pi Unlock Chart
Pi Unlock Chart. Source: PiScan

This unlock presents a major challenge for the altcoin, especially given the already weak bullish sentiment surrounding PI. With buying interest in the market noticeably low, there is little assurance that the newly unlocked tokens will be absorbed by sufficient demand. 

If demand fails to match the increase in circulating supply, the imbalance could trigger heightened sell pressure. In such a scenario, supply would overwhelmingly outpace demand, putting further downward pressure on PI’s price. 

PI Slides Back Into Decline—Will Buyers Step In Before $0.40?

On the daily chart, PI has slipped back into its descending trendline. It had broken above this trendline on June 25, but the rally proved unsustainable as buying pressure quickly faded, sending the token back into its downtrend.

With bearish momentum continuing to build, PI risks revisiting its all-time low of $0.40.

PI Price Analysis.
PI Price Analysis. Source: TradingView

However, if a surge in new demand emerges, it could help stabilize the price and invalidate the bearish outlook. In that case, PI could rebound and move toward the $0.57 resistance level.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Source link

Abiodun Oladokun

https://beincrypto.com/pi-price-slides-sell-pressure-climbs/

2025-07-02 08:00:00

bitcoin
Bitcoin (BTC) $ 112,164.00 7.65%
ethereum
Ethereum (ETH) $ 3,779.62 13.28%
tether
Tether (USDT) $ 1.00 0.12%
bnb
BNB (BNB) $ 1,110.74 12.75%
xrp
XRP (XRP) $ 2.40 15.00%
solana
Solana (SOL) $ 181.13 18.04%
usd-coin
USDC (USDC) $ 0.999714 0.00%
staked-ether
Lido Staked Ether (STETH) $ 3,778.67 13.16%
tron
TRON (TRX) $ 0.317037 5.70%
dogecoin
Dogecoin (DOGE) $ 0.19105 23.92%
cardano
Cardano (ADA) $ 0.644135 21.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,599.61 13.22%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 112,073.00 7.64%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04 0.49%
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,027.69 14.41%
chainlink
Chainlink (LINK) $ 17.46 21.95%
hyperliquid
Hyperliquid (HYPE) $ 39.03 10.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 530.01 10.32%
stellar
Stellar (XLM) $ 0.322601 15.64%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,078.75 13.19%
sui
Sui (SUI) $ 2.70 21.49%
avalanche-2
Avalanche (AVAX) $ 21.84 23.07%
weth
WETH (WETH) $ 3,782.63 13.05%
leo-token
LEO Token (LEO) $ 9.61 0.06%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.16%
usds
USDS (USDS) $ 0.998926 0.06%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 112,091.00 7.67%
litecoin
Litecoin (LTC) $ 98.34 23.80%
hedera-hashgraph
Hedera (HBAR) $ 0.167828 21.50%
usdt0
USDT0 (USDT0) $ 1.00 0.10%
whitebit
WhiteBIT Coin (WBT) $ 41.99 3.38%
shiba-inu
Shiba Inu (SHIB) $ 0.00001 15.18%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20 0.14%
mantle
Mantle (MNT) $ 1.78 23.30%
crypto-com-chain
Cronos (CRO) $ 0.156646 18.25%
monero
Monero (XMR) $ 293.31 13.40%
the-open-network
Toncoin (TON) $ 2.10 23.13%
polkadot
Polkadot (DOT) $ 3.12 23.99%
dai
Dai (DAI) $ 0.999205 0.02%
okb
OKB (OKB) $ 179.84 12.99%
zcash
Zcash (ZEC) $ 226.59 11.45%
memecore
MemeCore (M) $ 2.14 5.33%
world-liberty-financial
World Liberty Financial (WLFI) $ 0.129902 27.52%
aave
Aave (AAVE) $ 230.84 16.29%
uniswap
Uniswap (UNI) $ 5.82 29.23%
bitget-token
Bitget Token (BGB) $ 4.93 13.10%
ethena
Ethena (ENA) $ 0.432833 22.00%
near
NEAR Protocol (NEAR) $ 2.41 19.66%
pepe
Pepe (PEPE) $ 0.000007 25.78%