Pi Network Token Unlock Fuels Price Decline, Token Near Support Levels

The Pi Network cryptocurrency slipped about 3.8% in the past 24 hours, trading near $0.0829 and extending a month‑long downtrend that has erased roughly 30% of its value. Despite the fall, the price remains about 17% above its July 14 all‑time low of $0.07072.

Over the next 30 days the network is set to unlock 127.5 million PI tokens, roughly 2.06% of the 6.19 billion locked supply and valued around $10.65 million. The largest single‑day release is expected on June 25, when about 7.45 million PI (≈$622 k) will become available. The broader cryptocurrency market also slipped, with total market capitalization down 0.94% to $2.19 trillion, Bitcoin trading around $64,000 and Ethereum above $1,850. Technical indicators show the token near oversold conditions (RSI 34.46) and a bearish MACD, with resistance near $0.090 and support between $0.078 and $0.075.