Key Insights
- Pi Coin continued to struggle near a local support level of $0.435. A breakdown could result in a further price decline of 7% or more.
- OKX, MEXC, Bitget, and Gate.io are the top holders of Pi Network coins, with a total of 404,003,092 Pi combined.
- 10.8 million Pi Coins are scheduled to unlock on July 28, 2025 — the highest in the next 30 days, raising concerns of a potential price decline and increasing the likelihood of a breakdown below the local support level.
After posting four consecutive red candles amid the market correction, Pi Coin completed two weeks of holding at its key support level of $0.435. The daily chart suggested that the continuous price retests of this crucial support weakened it and indicated a potential breakdown.
Pi Coin Momentum and Upcoming Token Unlock
At press time, Pi Coin hovered near $0.4418, slipping over 1.75% in the past 24 hours. This price decline reduced investor and trader participation, leading to a 30% drop in trading volume.
The potential reason behind this drop in trading volume was the ongoing sideways momentum and the persistent token unlocking by the community.
Recent data from PiScan revealed that Pi Coin has unlocked a total of 5.177 billion tokens worth $10 billion since the token unlock system began.
However, over the next 30 days, the community is scheduled to unlock 167.997 million Pi coins. Notably, the largest token unlock is scheduled for July 28, 2025, when the community will unlock 10.78 million Pi coins.
This substantial unlock, occurring while the price struggles near a crucial level, raises a red flag and signals a potential price dip if the asset fails to hold support.
Pi Coin Technical Analysis and Key Levels to Watch
Pi Coin’s technical analysis revealed that the asset appeared to be forming a bullish falling wedge pattern. The price moved into a narrow zone and looked poised for a breakout.
However, within the pattern, Pi Coin seemed to be retesting the key support level of $0.435 multiple times. Moreover, the upcoming largest token unlock raises concerns about a potential breach of this crucial level.
Based on price action, if this support breaks, Pi Coin could experience a downside move of 7.5%, potentially dropping to the $0.40 level. Conversely, if momentum shifts and the asset breaks out of the falling wedge pattern, it could initially surge by 16% and may reach the next resistance level at $0.51.
At the time of writing, Pi’s Chaikin Money Flow (CMF) stood at -0.02, indicating mild selling pressure as outflows slightly dominate inflows. It showed that Pi coin witnessed a lack of buying interest at the moment.
Largest Pi Coin Holders and Expert Comment
At the moment, the major Pi Coin holders are OKX, MEXC, Bitget, and Gate.io, as revealed by PiScan. The data further shows that Gate.io holds the highest amount at 193.40 million Pi, followed by Bitget with 137.43 million, MEXC with 43.93 million, and OKX with 28.17 million.
Looking at the current market structure, a crypto expert has shared a bullish outlook for Pi Coin. In a post on the CoinMarketCap feed, the expert noted that since its token launch, the asset has lost over 84% of its value yet continues to maintain millions of supporters.
The expert highlighted key reasons for this optimism: real-world merchant adoption in 155 countries and the development of over 70 apps within its ecosystem. Meanwhile, only 14 million out of 60 million users have passed KYC in time to access or sell their tokens.
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