The price of the Pi token from Pi Network has dropped from $0.52 to $0.45 and remains under pressure, though it is still holding above the crucial $0.40 mark. Trading volume is declining, and the asset is entering a consolidation phase. According to analysts, this is standard behavior for cryptocurrencies as they await their next impulse.
Massive Token Unlock and Market Response
Between June 28 and July 15, 2025, a total of 276 million PI tokens were released into circulation. Despite the significant increase in supply, the market has not responded with a sharp drop. This could indicate continued demand and the project’s ability to maintain investor interest at current levels.
Analyst Dr Altcoin highlighted that the token has remained stable around the $0.40 range for more than a week. In his view, if issuance slows down by at least 30% at the end of July and into August, those months could form a local bottom for Pi.
Potential Growth Targets If the Downtrend Breaks
Technical analysis suggests that the asset is forming a "falling wedge" pattern that began back in May. According to analyst Gem Hunter, breaking out of this range above $0.60 could serve as a bullish signal, potentially pushing the price toward $1 or even $1.5. In this context, declining trading volumes are viewed as normal for an accumulation phase.
Analyst Tom Tucker also considers the current price structure bullish. He points to the formation of a “double bottom” around the $0.40 level and notes minimal volatility - a pattern that often precedes strong movement. In his opinion, breaking through the $1 barrier could trigger the next target at $1.66.
Pi Ecosystem Continues to Grow
Meanwhile, background developments in the Pi ecosystem remain active. New applications and projects are being launched, creating scenarios for real-world use of the token. While short-term supply increases may be limiting price growth, market participants see this as a strategic investment in the long-term evolution of the network.
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