Pi Network Price Prediction: Pi Coin Tests $0.66 Resistance as Migration Concerns Impact Sentiment

Analysts suggest this coiling behavior signals a potentially sharp move ahead, with either a breakout or breakdown likely in the near term.

At the time of writing, Pi Network Coin trades around $0.65, having attempted several intraday pushes toward the $0.66 barrier, yet failed to sustain upward momentum. The current price action reflects classic range-bound dynamics, with lower volatility and dwindling volume as traders await a decisive shift in sentiment.

Declining Investor Activity Raises Red Flags

Beyond the charts, Pi Network market fundamentals continue to deteriorate. Recent data from Holderscan shows that the total number of PI holders has stagnated near 14,952, with a noticeable lack of new entrants into the network. This stagnation is reflective of growing disillusionment among early adopters.

Pi Network (PI) Coin was trading at around $0.65, up 0.85% in the last 24 hours at press time. Source: Brave New Coin

“Pi Network has seen a month-long trend of investors quietly exiting,” noted analyst Aaryamann Shrivastava. “This declining participation is eroding confidence in the project’s near-term prospects.”

Adding to the negative sentiment is the Relative Strength Index (RSI), which remains below the neutral level. As of June 3, the RSI hovers around 40.27, a sign of weak buyer momentum. Combined with low trading volume, this suggests that bulls are currently reluctant to take positions.

Ongoing Migration Woes Fuel Community Frustration

Compounding the pressure is user backlash over ongoing migration issues within the Pi Network Coin ecosystem. Many users have taken to social media to voice their frustration over a second wave of migration requirements, particularly as some remain stuck in unresolved KYC (Know Your Customer) states.

While the second migration captures attention, Pi Network’s Validation Bonus remains unaddressed in both community discussions and the official roadmap. Source: The Times of PiNetwork via X

“This Pi of a thing is nonsense. After mining for years we are denied access to our coin,” wrote one user on X, expressing growing anger with the Pi cryptocurrency development process.

Despite announcements from parody accounts claiming that a second migration phase had begun, the Pi Core Team has not issued any official confirmation. Still, confusion persists as users see unexpected prompts in their apps asking for further verification steps. The situation has left many feeling locked out of their balances, just as Pi prepares for a major token unlock.

276 Million Token Unlock Could Rock Pi Network

One of the biggest looming challenges for Pi crypto is the scheduled release of 276 million PI tokens in June. Valued at approximately $176 million, this unlock has the potential to flood the market with new supply, creating additional downward pressure on the Pi currency value.

With sentiment already fragile, analysts warn that a failure to hold current support at $0.61 could trigger a sharper decline toward $0.57 or even the psychological $0.40 mark.

“The Pi token unlock will be a major stress test for the market,” one trader noted. “Without increased demand or a shift in sentiment, there’s little to absorb that kind of supply.”

Key Technical Levels to Watch

From a technical perspective, the Pi Coin market remains trapped between support at $0.62 and resistance at $0.66. A successful close above $0.66 would open the door to a potential rally toward $0.6931, the May 29 high. However, a breakdown below $0.61 could expose the next major support near $0.57.

Pi Network Coin must break the $0.80 resistance to revive the recent bullish momentum. Source: Greatvic001 on TradingView

The MACD (Moving Average Convergence Divergence) remains flat but positive, indicating that momentum is coiled but undecided. Meanwhile, the RSI has climbed slightly to 54.32 in some timeframes, but lacks the strength typically seen in bullish breakouts.

Outlook: Can Pi Coin Regain Momentum?

For Pi Coin value to climb meaningfully, bulls will need to reclaim the $0.65–$0.66 zone with convincing volume and renewed investor participation. Until then, the market remains vulnerable to further downside, especially with a significant token unlock and migration-related confusion hanging in the balance.

While Pi mining and early enthusiasm around Pi cryptocurrency value gave the project significant traction, sustained growth now depends on resolving technical bottlenecks and restoring trust within the community. Until then, Pi Network trading is likely to remain under pressure, with cautious optimism among long-term supporters.

In the coming weeks, all eyes will be on the $0.66 level — a breakout here could change the narrative. But for now, Pi remains in limbo.