- Pi Coin sinks 80% as token unlocks spark heavy selling.
- Weak liquidity and stalled upgrades keep bulls struggling at support.
- Technical charts signal resistance holding firm while downside risks intensify.
Pi Coin is under heavy pressure after plunging more than 80% from its yearly highs. The token is currently moving between $0.343 and $0.345 with poor liquidity and continued unlocking of the tokens, dragging sentiments in the market.
Traders are still struggling to be accepted at a downward trend line, and resistance is being created at the dendritic price of $0.356, at which the Parabolic SAR is located. The other overhead hurdles are observed to be at $0.359 and $0.365, which are the levels of critical breakdowns.
Conversely, the buyers are holding the $0.343 to $0.345 band, and a fall to below $0.341 will reveal $0.334.
Source: Tradingview
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Token Unlocks and Liquidity Struggles Intensify
Recent large-scale token unlocks have worsened selling pressure. Approximately 163 million PI tokens worth close to $60 million were issued into circulation, and another batch should be released soon. Such inflows of supply exceed the rate of demand, and the prices may not be recovered easily.
Volatility is also increasing due to low trading volumes on major exchanges. Moderate sell orders are taking prices down as there is not much depth in the market, and the bulls are fighting hard to hold the price. Analysts caution that until liquidity improves, each unlock cycle may trigger new declines.
Technical Levels Point to More Downside
Charts highlight resistance at $0.359 and $0.370, in line with Fibonacci retracement zones and the bearish Supertrend indicator at $0.373. The 200 EMA at 0.363 is still averting upside attempts.
Key support sits at $0.345 and $0.334, and a loss of this floor would confirm a bearish continuation that could drag the token down to $0.320. The RSI of approximately 43 indicates a weak momentum and low power to buy.
Development Delays Erode Confidence
Sentiment is further dampened by project delays, as the rollout of full KYC, the V23 upgrade, and mainnet decentralization remain pending. These continuous failures only complicate the adoption, while other competitor projects proceed with new integrations and collaborations.
Despite the huge community Pi Coin serves, investors’ patience is waning in 2025 because their expectations are not being fulfilled. The project may go out of business in a competitive market without making major developments in its ecosystem.
Constant token unlocks, a lack of liquidity in the exchange market, and stagnated development milestones are contributing to Pi Coin’s crash. With resistance keeping rallies capped and support levels under threat, the risk of further downside remains high.
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