🥳 Earning Growth Points can Win an iPhone 16?
🔥 Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance t
Pi Coin Faces Price Drop Storm as 263 Million Tokens are Set to be Unlocked
Pi coin is trading near a critical level of $0.7411 amid the upcoming issuance of a significant amount of unlocked tokens. The protocol will issue 263 million coins in June, 233 million coins in July, and 132 million coins in August — over 1.5 billion tokens in the next year. On-chain data shows that many PI tokens are moving to more centralized exchanges, indicating potential selling pressure as demand seems to weaken. The imbalance between increasing supply and gradually decreasing buyer interest has made Pi vulnerable. The concerns of those involved, the fear of a rug pull, and issues related to privacy add to the anxiety. Market sentiment is also affected by the concerns raised in a recent report by CCN. This report highlights the possibility of a sell-off of 12 million PI tokens around the peak period in May, raising speculation about a potential sell-off, coinciding with a significant price drop. Meanwhile, the Pi Network application has been criticized for collecting too much user data without clear consent, raising questions about security practices and decentralization. Other concerns include unclear tokenomics, delays in the deployment of utilities, and a lack of transparency surrounding the circulating supply — all of which are common warning signs in suspected fraud scenarios. Analysis of PIUSD Ichimoku Cloud: Bearish momentum is prevailing
The Ichimoku Cloud on the 1-day chart paints a clear picture of the market's position — and it is not favorable for the bulls. Price volatility is firmly positioned below the red cloud (Kumo), indicating that the overall trend is under bearish pressure. Tenkan-sen ( is the green line at 0.7767 dollars ) and Kijun-sen ( is the red line at 0.7950 dollars ) are moving sideways and are above the current price level. This alignment indicates market hesitation and low short-term momentum, with no signs of a bullish crossover. Looking ahead, the cloud remains thick and red, extending until mid-June. The Kumo twist is bearish, where Senkou Span A is still below Span B, confirming that the resistance level is likely still strong unless there is a change in market momentum.
RSI at 47.25, below the neutral midpoint, further confirms the bearish pressure on the Pi coin in USD. MACD shows a bearish crossover with an expanding red histogram — confirming the increasing downward momentum. BBTrend has sharply decreased to -4.89 from the previous level of +4, reflecting a strong reversal in sentiment that mirrors the recent weakness of the pi price today. PI/USD EMA Stack and weak OBV signal PI trades below the main EMA lines: Moving average 20: 0.7435 dollarsMoving average 50: 0.8277 dollars This linkage acts as a barrier, limiting recovery efforts. The balance volume (OBV) remains unchanged at -$12.73M, showing no signs of new accumulation from large investors. The price level of Pi Coin needs attention. Support: $0.7411, $0.6598, $0.5722Resistance levels: $0.7950, $0.8692, $1.3050 If PI loses $0.7411, it risks dropping to $0.6598 or even $0.5722. A recovery above $0.7950 could open the door towards $0.8692 and $1.3050. Pi Coin is currently trading at $0.7368, down 2.12% on the day with a 24-hour trading volume of $97.52 million and a market cap of $5.34 billion. The current price is about 55% lower than its May high of $1.6760, reflecting a broader loss of bullish momentum after the peak. Pi Crypto Price Outlook — Analyst Predictions With the unlocking timeline, bearish technical indicators and ongoing selling pressure on the chain, analysts predict continued downside risk in the near future. If Pi Coin $0.7411 is broken, the price could slide down to $0.6598. Conversely, reclaiming $0.7950 could restore bullish interest in the short term. With the large scheduled unlocks, bearish technical indicators, and ongoing exchange outflows, Pi Coin is under pressure. Unless the buyers reclaim the $0.795 level and reverse the uptrend, the possibility of continued losses remains. Conclusion: Supply increase meets weak demand — Pressure rises With more than a quarter of a billion k being unlocked next month and technical indicators firmly in the bearish zone, Pi Coin faces an increasing risk of depreciation. Exchange flow indicates that some holders are preparing to exit, and without strong demand to absorb the new supply, $0.741 is shaping up to be a critical level.