Key Insights:
- Pi Coin underperforms despite the broader crypto market rally, losing 28% in the past month.
- Pi Coin has formed a bullish falling wedge pattern. Also, the price is approaching the wedge’s narrow end, indicating a potential breakout.
- According to recent data, a Pi token unlock began to fall on August 1, 2025. This may impact the price dynamics.
In the recent market rally, Pi Coin has failed to gain momentum, unlike other cryptocurrencies. However, the exact reason remains unclear.
Meanwhile, daily token unlocks, unsolved KYC concerns, and growing discontent among holders could all contribute to its underperformance.
Pi Coin Price Action and Decline in Trading Volume
At press time, Pi Coin has lost 1.10% of its value in the past 24 hours and is currently trading at $0.438. Due to its past performance, trader and investor participation remains low.
This resulted in a 38% drop in trading volume during the same period. The potential drop in Pi Coin can be attributed to a lack of investor and trader participation. This is mainly due to its past performance.
According to CoinMarketCap data, the asset has lost 28% of its value over the past month. During this time, the overall crypto market soared and recorded impressive gains. This contrast may have contributed to Pi Coin’s underperformance.
Pi Coin Technical Analysis and Key Technical Levels
Pi Coin technical analysis reveals that the asset has been downtrend since May 12, 2025. Also, it continues to lose key support levels.
However, it forms a falling wedge pattern in the higher time frame. With this, the price is now moving within a narrowing range, hinting at a potential breakout in the coming days.
Based on the price action, Pi Coin may break out of the bullish pattern and close a daily candle above $0.50. This could trigger a massive upside rally. However, this would only be possible if the asset closes above the key resistance level of $0.50.
On the other hand, if this fails to occur, Pi Coin could continue its downtrend. It may reach the key support level of $0.403 in the future. Beyond this price action, Pi’s Relative Strength Index (RSI) stands at 39.97. This suggests the asset is in oversold territory and may be poised for a price reversal.
However, another technical indicator, the 50-day Exponential Moving Average (EMA), still trades above Pi Coin. This indicates that the asset remains in a downtrend. Investors and traders widely use this indicator to determine an asset’s trend and help them make informed decisions.
Upcoming Token Unlock and Its Impact
In addition to the price action, Pi Coin has been consistently experiencing token unlocks. However, starting next month, the unlock amount will be reduced according to the scheduled data.
This means the number and value of tokens continuously unlocked over the past few months will decrease. It could reduce selling pressure and increase upside momentum.
Recently, a crypto expert shared data revealing an upcoming token unlock scheduled for next month. The expert stated that starting August 1st, the daily unlock could decrease. It can plunge from 9 million Pi Coins to 5.9 million Pi Coins.
This notable drop in the daily unlock could reduce the liquid supply entering the market and help control inflation. Moreover, it could support stronger price stability or upward pressure if demand rises.
When combining the token unlock details with the technical analysis, it appears that Pi Coin is on the verge of an upside rally and may end its prolonged bearish streak by breaking out of the falling wedge pattern.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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