Is Pi Network on the Verge of a Massive Turnaround?
The price of Pi Coin (PI), one of the most controversial and speculative cryptocurrencies in the world, has continued to decline over the past few weeks, yet the community remains cautiously hopeful. After breaking a critical support level at $0.60, Pi has nosedived by more than 32.4% in just one month. The chart looks grim, sentiment is low, and skepticism is growing. But for some, this is precisely the kind of setup that precedes explosive recoveries.
Pi’s community is now placing its hopes on the upcoming “Two-Pi Day” (Tau Day) scheduled for June 28, where a long-awaited ecosystem update is expected from the Pi Core Team. Will this event change everything? Could Pi bounce back toward $0.60, or even reach the elusive $1 milestone?
This article dives into the technical and fundamental outlook for Pi Coin, explores the latest token unlock dynamics, and also highlights how early investors are preparing with new Web3 wallet solutions like Best Wallet (BEST).
Pi Network Struggles to Maintain Support: What Went Wrong?
Community Disappointment After Mainnet Launch
Since the launch of its public mainnet, Pi Network has struggled to deliver any groundbreaking ecosystem expansions or new partnerships. The lack of progress updates from the Pi Core Team has left even loyal supporters feeling anxious. Unlike other projects that frequently communicate with their holders, Pi has remained largely silent, fueling FUD (fear, uncertainty, and doubt) in the market.
As of now, PI is trading well below its recent support zone and is fluctuating around $0.42–$0.44, a critical range that could either serve as a double-bottom formation or mark the beginning of another leg downward.
Eyes on Tau Day: June 28 Could Make or Break Pi
For many, June 28 is the date that could define the next phase of Pi’s future. Known as Tau Day (Two-Pi Day) in the community, this event is expected to deliver new developments and possibly expand Pi’s utility or partnerships. Without a significant update from the team, the price could fall even further, possibly to $0.40 or below.
However, if the Pi Core Team unveils a strategic roadmap, exchange listing, or decentralized application integrations, the coin could rebound sharply.
Token Unlock Alert: $143 Million Worth of PI Hits Circulation
Why This Is the Largest Token Release Until 2027
According to data from PiScan, 263 million PI tokens – valued at approximately $143 million – are set to be unlocked this month. This is not just a routine supply adjustment; it is the largest scheduled token release until September 2027, when an even larger batch of 310 million tokens is due to be unlocked.
These unlocks can create massive selling pressure on the open market, especially in times of low demand and bearish sentiment. Combined with recent geopolitical tensions in the Middle East, the added supply is likely one of the driving forces behind Pi’s steep decline in recent weeks.
Could the Unlock Be Absorbed by Bulls?
Despite the risks, bulls remain optimistic. If a strong announcement is made on Tau Day, it could absorb some of the new supply, especially if Pi gains adoption on major platforms or attracts institutional interest.
But make no mistake, unless buyers step in aggressively, the unlock could weigh heavily on Pi’s price in the near term.
Pi Coin Price Prediction: The Path Back to $0.60 and Beyond
Key Resistance Levels to Watch
Technically, Pi has tested resistance at $0.55 several times in the last 48 hours. This is a significant level to watch. If Pi successfully breaks above $0.55, the next upside target lies at $0.57, a zone of confluence where both horizontal resistance and the 200-period EMA intersect.
More importantly, a breakout past $0.57 would suggest a bullish momentum shift – and could quickly lead to a retest of the psychological level at $0.60.
Golden Cross Signal on Short-Term Charts
Traders are also watching a notable bullish signal: the 9-period exponential moving average (EMA) has crossed above the 21-period EMA, forming a golden cross pattern. This is often interpreted as an early signal of a trend reversal, especially when combined with increasing volume and social media buzz.
Still, these technicals depend heavily on external catalysts – namely, the Tau Day announcements.
Will Pi Coin Hit $1 in 2025? Community Sentiment Says “Maybe”
The Case for a $1 Target: It’s All About the News
For Pi Coin to reach $1, the Pi Core Team needs to deliver real-world value. This could come in the form of:
- Official exchange listings
- DeFi partnerships or staking options
- Marketplace integrations with Pi as the primary payment method
- Transparent communication and developer tools
If any of these materialize on June 28, Pi could very well spike toward $0.80–$1 in the short term. The market is currently underestimating this possibility, but that’s exactly when explosive moves happen.
Presale Spotlight: Best Wallet ($BEST) Raises Over $13M as Web3 Security Solution
Why Altcoin Investors Are Turning to BEST for Utility
While Pi Coin navigates its critical turning point, another Web3 project is quietly gaining momentum: Best Wallet (BEST).
This presale project has already raised over $13 million, offering a multi-chain wallet solution that supports over 60 blockchains, provides low-fee swaps, and introduces unique tools like the “Upcoming Tokens” tracker. This feature is designed to help users discover early-stage crypto presales with high potential, similar to how investors discovered tokens like Pepe Unchained (PEPU) and MIND of Pepe (MIND) before they exploded in value.
Early Access = Higher Returns
Investors who join the $BEST presale now gain access to:
- Deeply discounted token prices
- Early access to Web3 tools
- Priority integration for future features
To participate, head to the Best Wallet website, connect your crypto wallet, and purchase $BEST using USDT, ETH, or a bank card.
Conclusion: High Risk, High Reward Zone for Pi Coin
The Pi Coin narrative is polarizing. Some call it a scam, others see it as a sleeping giant. What’s clear is that the next few weeks, especially around Tau Day (June 28), will be pivotal.
With:
- A massive token unlock
- Mounting technical pressure
- A critical support zone is being retested
- And growing community demand for answers
…the stage is set for a major move in either direction. If you’re watching Pi Coin closely, now is not the time to look away.
And if you’re seeking safer exposure to the Web3 revolution, Best Wallet (BEST) may offer the kind of utility, transparency, and innovation that speculative tokens like Pi often lack.
