Pi Network faces tsunami: Can $PI survive the April sell-off?

The native cryptocurrency Pi Coin (PI) from Pi Network is highly volatile as its price drops significantly from its yearly peak. Due to the many ongoing market conditions, expert analysts believe that Pi Coin will drop another 25% in value after the previous 80% price drop. Continuous token unlocking procedures are key to reducing the value of coins by increasing the total supply available in the market Can Pi price fall another 25% amid rising pessimistic sentiment? Technical analysis shows that Pi Coin is breaking a bearish bullish wedge pattern, as this pattern usually indicates a further decline in price. Some analysts now forecast the Pi to fall between $0.44 and $0.45 as the price is expected to fall, totaling a drop of about 25% from current levels. Pi Coin's (RSI) relative strength index shows signs of reaching the oversold zone with a current value of 31. However, this only indicates weakening momentum rather than a price reversal.

Pi price is facing stiff resistance around $0.82, where the 200-day Simple Moving Average on the four-hour chart exists. The current market valuation is significantly lower than the $0.87-$0.45 price range, which reinforces bearish market predictions. Current bearish market patterns are dominant, while a rebound of this support level can serve as a potential reversal indicator, but only from a short-term perspective. How will the unlocking of Pi tokens have an impact on market sentiment? The token unlocking events currently taking place in the market push the price of Pi Coin down significantly. The circulation of Pi tokens will reach 2.8 million on April 16, 2025, before the daily issuance schedule starts running until the end of April. The total number of PI tokens unlocked in April 2025 will reach 108.9 million, thus leading to an increased market supply. Over the next 12 months, a broader schedule will be to release tokens into circulation, gradually putting downward pressure on Pi.

A continuous increase in the number of PI tokens issued daily, from 5 to 6 million tokens, will lead to increased supply and increased market pressure, which will cause more price drops. The current token unlocking will create chaos in the market before causing potential downward pressure on Pi Network's price. Can Pi price recover? A price recovery for Pi Coin looks feasible, but the current market trend shows a negative outlook. Pi Network's decentralized model shows prospects for future growth, while its substantial user base continues to grow. The growth of the Pi Network ecosystem and new use cases for Pi Coin could lead to an increase in price as issued tokens find buyers in the market. Investors must be cautious throughout the near term as the large number of tokens issued is likely to maintain downward pressure on the market. Traders should continue to update their positions based on a calendar indicating when Pi tokens will be unlocked. What's next: What does the future hold for Pi Coin? The current situation of Pi Coin remains ambiguous due to the strong negative forces of the market created by continuous token unlocking programs. Market participants anticipate the price to continue falling in the short-term as a possible 25% drop due to ongoing token unlockings. Pi's future trajectory depends on stable indicators and higher market demand throughout its network development. Pi's expansion relies heavily on growing its ecosystem, user base, and practical applications outside of today's ongoing token unlockings. Will Pi Coin survive the current financial downturn after unlocking operations end?