Pi Network Alert: Is a Major Pi Coin Price Collapse Coming as 119M Tokens Unlock?

Today, the crypto market is in the consolidation phase as the prices have stabilised and show small gains or losses. This is a logical reaction as the crypto market is exiting a prolonged period of bearish trend and stress. As such, the fear of losing positions is still high among investors, decreasing the capital inflows. Pi network price is not an exception either, with its value barely changing since yesterday, April 10. Additionally, the Pi news is bearish today, turning the Pi price prediction bearish as well. 

Is This the Right Time to Buy or Sell Pi Coin?

As of press time, the Pi network price stands at $0.6027 with a daily price surge of 1.62%. In the weekly timeframe, we see an 8.95% increase as well. However, the 30-day performance of this coin was disastrous as the Pi coin price dropped by 63.12%. This is also in line with the 79.87% decline from the high of $2.98 on February 26 2025. As such, the price will probably move after the first strong catalyst, whether bullish or bearish. The technical Pi price prediction also shows bearish signals. 

Why Is Pi Price Struggling to Break Out?

The Pi price movement has been showing a lack of enthusiasm from buyers and a gradual increase in seller dominance. Although we saw a small rebound yesterday, April 10, the Pi network price has not shown any strong breakouts. As such, this points to a lack of bullish momentum. There is also no bullish increase in trading volume, which means there are not many buyers, or that buyers don’t have confidence. Another bearish sign is the presence of several lower highs. 

Chart 1 – Provided by TradingView, published on TradingView, April 11 2025

According to Chart 1, the Relative Strength Index for Pi is 62.77, which is near the overbought zone. Additionally, we can also see past instances where RSI has such a sharp increase. As these instances show, a high RSI is followed by a decline in value. Moreover, we can also see a divergence between the RSI line and its MA. This usually means that the uptrend is not sustainable. We can also see that the Average Directional Index has a score of 26.49, which shows weak trend strength. 

Why Is the Pi Network Price Falling So Sharply?

As such, our Pi coin price prediction mostly leans towards a bullish short-term movement. If the Pi token price fails to break the $0.6250 level, we could see a fall to $0.58. If in the retest of this level, the support breaks, the Pi token might drop to $0.55. In the most bearish scenario, the value of the Pi token could even fall below the psychological $0.5 support. Some negative Pi news also supports this bearish projection. This month, we will see the unlocking of 119 million tokens, with 1.4 million already unlocked today. 

Is the Pi Network Facing a Bearish Future?

Additionally, the number of tokens unlocked each day will exponentially increase, reaching its peak on April 18. On this day, there will be over 9.7 million tokens unlocked, which will increase the selling pressure. This factor, along with other factors like the lack of transparency and communications, has increased frustration among the Pi community. This has led to Pi Network Turkey to release a statement criticising the Pi team. Based on the statement, the Pi developer team now uses a top-down management style. Ignoring the community and lacking decentralisation. As such, the future of the Pi network seems bearish.