Key Insights:
- Over the past 48 hours, Pi crypto value has plunged nearly 22%, following a 45% upside move earlier.
- On April 16, 2025, the Pi network unlocked 2.8 million Pi tokens and released them into circulation, which might be the reason behind the price crash.
- Pi crypto value appears bearish and could fall to the $0.525 level if it fails to hold its downside momentum.
Amid the market uncertainty, Pi crypto value has plummeted significantly. The token has now gained massive attention from crypto enthusiasts.
CoinMarketCap data showed that the asset had lost nearly 22% of its value over the past 48 hours. Its price has headed toward the next support level.
Pi Coin Value Faces Decline: Price Drops and Trading Volume Shrinks
At press time, the Pi coin was valued at around $0.61. It had experienced a decline of over 8.50% within the past 24 hours. Over the same period, the trading volume of the PI decreased by 20%.
This decline reflected reduced engagement from traders and investors compared to the previous day. The recent downside momentum and the significant fall in Pi crypto value potentially caused this notable decline in trading volume.
Impact of Recent Pi Token Unlock on Price
According to recent data, Pi crypto value was down by nearly 79.00% from its all-time high. Traders and investors closely monitor the current price due to the ongoing token unlock.
According to Pi Scan, on April 16, 2025, the network unlocked 2.8 million Pi coins. Meanwhile, in April 2025 alone, at least 108.9 million Pi coins were set to be unlocked. Over the next 12 months, more than 1,566,790,905 Pi coins will be unlocked.
This suggests that approximately 134,391,107 Pi coins will be unlocked each month. The Pi Network’s largest token unlock is set for December 2027. During this period, 432,305,091 PI tokens will be released, marking the highest monthly unlock.
Ideally, a token unlock is considered a bearish event that can significantly impact an asset’s price. The bearish market sentiment surrounding Pi crypto value is fueling concerns.
The recent decline prompts questions about whether this is merely the start of a crash or if a more substantial drop is on the horizon.
Pi Coin Price Action: Will Pi Hold Support or Break Lower?
Pi coin recently broke out from a prolonged descending trendline and showed signs of a potential reversal. However, the rally was rejected at the resistance level of $0.77 due to ongoing market uncertainty. Also, the token is now heading toward the support area of $0.50.
The daily chart revealed that the $0.77 level has intense selling pressure. Given recent price trends and historical momentum, Pi crypto value may decline further.
If the bearish trajectory persists, it could drop by another 18%, potentially hitting the $0.50 mark in the days ahead. This bearish thesis will only fail if Pi coin closes a daily candle above the $0.815 mark. Otherwise, it will likely remain in a downtrend.
Technical Indicators Point to Bearish Momentum
In the four-hour time frame, Pi coins appear to be trading below the 200 Exponential Moving Average (EMA). This indicated long-term bearish momentum, with sellers dominating the asset. However, it needs to reclaim the 200 EMA level at the $0.88 mark for a trend reversal.
Meanwhile, Pi coin’s Relative Strength Index (RSI) stood at 32, indicating that the asset is in the oversold zone. This suggested weak momentum, with investors losing strength.