Why Is Pi Network Bleeding While the Rest of Crypto Soars?
As Bitcoin BTC $107 042 24h volatility: 0.5% Market cap: $2.13 T Vol. 24h: $28.77 B climbed past the $107,000 mark, nearing its all-time high, most altcoins followed with gains. However, Pi Network PI $0.55 24h volatility: 14.3% Market cap: $4.17 B Vol. 24h: $278.19 M took an unexpected turn, falling 8% in the past 24 hours to trade near $0.5622.
The correction came amid a 38% gain earlier in the week, where Pi rose from $0.47 to $0.66 on speculation tied to artificial intelligence integration and growing community hype around the upcoming Pi2Day event.
Mixed Narrative for Pi Network
Traders who bought the dip below $0.55 were quick to capitalize on the early-week rally, but a looming token unlock scheduled for July, potentially injecting 274 million PI into circulation, cast a shadow on the near-term outlook.
Currently, approximately 680 million #Picoins are in circulation by pioneers.
About 3.8 billion Pi coins have been migrated, but 2.6 billion of these are still locked up from the first migration and have not yet been released.
Of the unlocked amount, about 540 million coins… pic.twitter.com/SIEPB1ev2E
— Dao world (@Koreanteacher1) July 8, 2024
Still, optimism around Pi2Day, set for June 28, is keeping hopes of a sustained uptrend alive. Rumors around an AI partnership, possibly with Google AI, were sparked by co-founder Nicolas Kokkalis’s appearance on a generative AI panel at Consensus 2025.
#PiNetwork rumored to have a Google Ai deal, announcement expected on Pi2Day (Pi app shows Google Ai icon).#IceNetwork ecosystem launch with surprise developments!
Both projects set for massive moves and big breakouts!$Pi $ICE $ION #Pi #ice #Ion https://t.co/Yg4QoARG1B pic.twitter.com/iRoPVJFeyu— zuzu (@PiGlobal314) June 25, 2025
This was further fueled by cryptic Pi Network posts hinting at big announcements, driving an increase in social media chatter and interest in Pi’s long-term value proposition.
$Pi will share big news via in-app message on June 28! Consensus AI joins, sharing data. Google Gemini collab or #PiAI feature? Huge announcement! Full trust in Pi, June 28 is rocket time! #PiNetwork #pi #picoin @PiCoreTeam https://t.co/Yg4QoARG1B
— zuzu (@PiGlobal314) June 25, 2025
PI Price Analysis: A Bullish Triangle Formation
The PI 4-hour chart shows a clear ascending triangle pattern forming, with the lower trendline building consistent higher lows, and horizontal resistance near $0.66 being tested repeatedly. This pattern often indicates bullish continuation.
The RSI, although cooling off from overbought territory, remains in healthy mid-range levels around 50, indicating that Pi’s uptrend is consolidating rather than collapsing.
The Balance of Power (BoP) also shows early signs of bullish accumulation after dipping briefly into negative territory.
PI forms an ascending triangle | Source: TradingView
From a Fibonacci perspective, the recent rally retraced sharply but respected the 0.382 level around $0.5265, often a strong support zone in bullish retracements.
Holding above this level, and ideally reclaiming the 0.236 fib near $0.5434, would signal strength. The Pi Coin Price Prediction shows breakout targets as high as $3.
Should PI break out of the triangle structure with conviction, the immediate price target would lie around $0.75, with a further move toward the golden ratio extension at $0.84, aligning with the 1.618 Fibonacci extension of the previous swing move.
The post Why Is Pi Network Bleeding While the Rest of Crypto Soars? appeared first on Coinspeaker.
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Why Is Pi Network Bleeding While the Rest of Crypto Soars?
As Bitcoin BTC $107 042 24h volatility: 0.5% Market cap: $2.13 T Vol. 24h: $28.77 B climbed past the $107,000 mark, nearing its all-time high, most altcoins followed with gains. However, Pi Network PI $0.55 24h volatility: 14.3% Market cap: $4.17 B Vol. 24h: $278.19 M took an unexpected turn, falling 8% in the past 24 hours to trade near $0.5622.
The correction came amid a 38% gain earlier in the week, where Pi rose from $0.47 to $0.66 on speculation tied to artificial intelligence integration and growing community hype around the upcoming Pi2Day event.
Mixed Narrative for Pi Network
Traders who bought the dip below $0.55 were quick to capitalize on the early-week rally, but a looming token unlock scheduled for July, potentially injecting 274 million PI into circulation, cast a shadow on the near-term outlook.
Currently, approximately 680 million #Picoins are in circulation by pioneers.
About 3.8 billion Pi coins have been migrated, but 2.6 billion of these are still locked up from the first migration and have not yet been released.
Of the unlocked amount, about 540 million coins… pic.twitter.com/SIEPB1ev2E
— Dao world (@Koreanteacher1) July 8, 2024
Still, optimism around Pi2Day, set for June 28, is keeping hopes of a sustained uptrend alive. Rumors around an AI partnership, possibly with Google AI, were sparked by co-founder Nicolas Kokkalis’s appearance on a generative AI panel at Consensus 2025.
#PiNetwork rumored to have a Google Ai deal, announcement expected on Pi2Day (Pi app shows Google Ai icon).#IceNetwork ecosystem launch with surprise developments!
Both projects set for massive moves and big breakouts!$Pi $ICE $ION #Pi #ice #Ion https://t.co/Yg4QoARG1B pic.twitter.com/iRoPVJFeyu— zuzu (@PiGlobal314) June 25, 2025
This was further fueled by cryptic Pi Network posts hinting at big announcements, driving an increase in social media chatter and interest in Pi’s long-term value proposition.
$Pi will share big news via in-app message on June 28! Consensus AI joins, sharing data. Google Gemini collab or #PiAI feature? Huge announcement! Full trust in Pi, June 28 is rocket time! #PiNetwork #pi #picoin @PiCoreTeam https://t.co/Yg4QoARG1B
— zuzu (@PiGlobal314) June 25, 2025
PI Price Analysis: A Bullish Triangle Formation
The PI 4-hour chart shows a clear ascending triangle pattern forming, with the lower trendline building consistent higher lows, and horizontal resistance near $0.66 being tested repeatedly. This pattern often indicates bullish continuation.
The RSI, although cooling off from overbought territory, remains in healthy mid-range levels around 50, indicating that Pi’s uptrend is consolidating rather than collapsing.
The Balance of Power (BoP) also shows early signs of bullish accumulation after dipping briefly into negative territory.
PI forms an ascending triangle | Source: TradingView
From a Fibonacci perspective, the recent rally retraced sharply but respected the 0.382 level around $0.5265, often a strong support zone in bullish retracements.
Holding above this level, and ideally reclaiming the 0.236 fib near $0.5434, would signal strength. The Pi Coin Price Prediction shows breakout targets as high as $3.
Should PI break out of the triangle structure with conviction, the immediate price target would lie around $0.75, with a further move toward the golden ratio extension at $0.84, aligning with the 1.618 Fibonacci extension of the previous swing move.
The post Why Is Pi Network Bleeding While the Rest of Crypto Soars? appeared first on Coinspeaker.
Read More
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