TLDR
- Pi Network price dropped 6.3% to around $0.94, breaking below the $1 support level
- Upcoming token unlocks (97.65 million PI in next 30 days) may add further selling pressure
- Experts suggest burning 60-100 million Pi coins could help stabilize the price
- A rare falling wedge pattern has formed, potentially indicating a bullish breakout
- Reduction in daily unlock rate from 13 million to 3.8 million PI could ease selling pressure
The Pi Network price has continued its downward trend, dropping by more than 6% to trade at $0.9432. The cryptocurrency briefly lost its $1 support level, touching a 24-hour low of $0.9109. Trading volume has increased by 12% to $284.36 million in the last day.
Pi Coin has seen a major decline from its all-time high of $2.98 in February 2025. The digital asset has now lost about 66% of its value from the peak reached after its mainnet launch.
Technical indicators show Pi Network price has fallen below both the 50-period and 25-period moving averages. This signals that bears currently maintain control of the market.
The price drop comes amid a lack of positive catalysts. Binance has not confirmed a listing of the token on its platform. This has reduced investor confidence in the short-term outlook.
The Pi Core Team has also not made any major announcements. This silence has further weighed on market sentiment at a critical time.
Upcoming Token Unlocks
A key factor putting pressure on Pi Network price is the scheduled token unlocks. About 97.65 million Pi coins worth approximately $93 million at current prices will be unlocked in the next 30 days.
These unlocks average around 3.25 million tokens daily. The largest single unlock will release about 6.8 million Pi coins on April 3.
Looking further ahead, PiScan data shows even larger unlocks scheduled. April will see 115.57 million tokens released. May and June will follow with 182 million and 222 million unlocks respectively.
However, there is some positive news regarding the unlock rate. It is expected to drop from 13 million PI per day to just 3.8 million. This reduction could ease some of the selling pressure that has been affecting the price.
The total circulating supply was recently reduced to 6.77 billion following the removal of 10 million coins. This adjustment has raised questions among investors about supply management.
Expert Opinions and Predictions
Pi Coin enthusiast Dr. Altcoin believes the recent price drop stems from the influx of unlocked Pi coins on centralized exchanges. This has caused a surge in circulating supply that has outpaced demand.
Dr. Altcoin suggests the Pi Team may need to burn an additional 60-100 million coins soon. Such a move could help drive the Pi Network price back to the $1 mark by reducing the overall supply.
The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon.
DYOR! pic.twitter.com/PooqZX8SsY
— Dr Altcoin (@Dr_Picoin) March 24, 2025
Other analysts point to a potential bullish reversal pattern. The Pi Network price has formed what appears to be a falling wedge chart pattern. This formation consists of two descending and converging trendlines.
Typically, this pattern results in a bullish breakout when the price approaches the confluence level. If this pattern plays out, some predict Pi could reach as high as $3, representing a 200% increase from current levels.
Technical indicators like the MACD and Percentage Price Oscillator have formed bullish divergence points. These signals often precede price reversals in the market.
Exchange Listing Challenges
A major hurdle for Pi Network has been securing listings on major cryptocurrency exchanges. The absence of a Binance listing in particular has limited its trading volume and visibility.
Crypto analyst Dr. Altcoin points to transparency issues surrounding Pi Network’s tokenomics as a barrier to exchange listings. Concerns over the locking and burning mechanism of billions of Pi tokens have led to regulatory hesitations.
Some investors believe that Pi Network sell restrictions and market manipulation concerns are preventing exchanges like Binance and Bybit from listing the token.
Others suggest the delay could be due to the Pi Core Team’s refusal to pay exchange listing fees. The exact reasons remain unclear without official statements from either party.
Potential Catalysts for Recovery
Several factors could trigger a price recovery for Pi Network in the coming months. A token burn announcement from developers would be a positive catalyst to offset fears about upcoming token unlocks.
Listings on major exchanges like Coinbase, Binance, or Upbit could spark significant price increases. Cryptocurrencies often experience substantial gains after securing placements on these platforms.
The recent partnership between Pi Network and PiDaoSwap aims to enhance transparency and governance within the ecosystem. This community-driven project could improve confidence in the Pi Coin market.
A general recovery in the broader cryptocurrency market would likely benefit Pi as well. Historically, strong Bitcoin performance has led to price increases across alternative cryptocurrencies.
For now, traders are closely watching key resistance levels. If Pi mining rewards remain attractive and adoption continues to grow, the token could regain momentum in the near future.
