With daily token unlocks in the tens of millions, Pi Coin price forecasts remain under strain as supply continues to outpace demand.
Pi finds itself largely excluded from the “best crypto to buy” conversation, ranking among the top 5 biggest losers on the weekly with a 15% drop, where most saw marginal declines.
Supply exceeds demand, and with $228.5 million tokens scheduled to be unlocked over the next 30 days, the downward pressure won’t let up.
Pi token unlock schedule. Source: PiScan.Downward pressure shows no signs of easing, with another 228.5 million tokens scheduled to unlock over the next 30 days.
To make matters worse, macroeconomic stress is growing. As the US-China trade war pushes U.S. GDP into its first negative quarter since Q1 2022, Pi faces panic selling under heavy FUD.
Pi Coin Price Analysis: Why Bulls Are Still Hopeful
While this setup makes $5 a challenge for Pi coin, key steps from the Pi Core Team to fast-track dApp deployment and approvals lay the groundwork for a broader utility push.
The Pi ecosystem struggles with adoption. Its price action remains largely speculative, lacking a meaningful use case to sustain long-term growth.
The mid-May Consensus 2025 conference could be pivotal for the Pi Network platform to showcase the ecosystem’s potential beyond a highly inflationary, speculative asset.
With which, increased investor confidence could push a surge.
That said, an upward move may well be in the cards for PI Coin with the breakout of a descending channel that’s been forming since its mainnet launch rally.
PI / USDT 1-day chart, descending channel breakout. Source: TradingView / OKX.The channel’s projected target sits near $1—a potential 100% gain from current levels—but the post-breakout momentum has faltered.
A symmetrical triangle formed in the aftermath has now broken to the downside, dragging price action toward the $0.50 support zone that has underpinned recent consolidation.
Worryingly, the daily MACD is converging towards a bearish crossover. If the signal line is breached, it could cement the current downtrend and open the door to further losses.
Without a strong catalyst before Consensus 2025, Pi Coin risks slipping to $0.40—a 30% drawdown from current levels.
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The post Pi Coin Price Prediction Update: 11 Million Unlock Triggers Panic – But Bulls Still Eye $5 Target appeared first on Cryptonews.
