The Pi price revisited a record low of $0.40 last Friday. Although it was a slight rebound to close the day at $0.58, the token resumed its downtrend over the weekend and new week.
As purchasing pressure is weakened and token locks increase, how low will PI token prices be in the second quarter?
Unlock heavy tokens and threaten recovery of weak PIs with weak institutional benefits
Growth in PI unlock schedules poses a major threat to hopes of big price rebounds in the short term. Over the next 30 days alone, 337 million pi tokens worth around $185 million will be released into distribution per piscan.
This increase in supply continues to focus on market sentiment and puts downward pressure on the already vulnerable price action of the token.
Token unlock refers to the gradual release of previously locked or vested tokens to the market following a predefined schedule. These unlocks introduce a consistent stream of potential sales pressures for PI, but this does not have a replacement list yet on major platforms such as Binance and Coinbase.
Furthermore, the coin’s sharp relative strength index (RSI) indicates a decline in demand, suggesting a further decline in price. At the time of pressing, this was 33.54, reflecting a decrease in purchasing rights.
The RSI indicator measures the market conditions for asset acquisitions and overselling. It ranges from 0 to 100. Values ​​above 70 suggest that the asset is over-acquired and paid for a price drop, while values ​​below 30 indicate that the asset is over-sold and may witness a rebound.
Falling at 33.54, pi rsi weakens momentum and strengthens bearish outlook.
Furthermore, the persistent DIP of PI’s Smart Money Index (SMI) suggests that institutional capital is increasingly withdrawing from assets. At the time of this writing, it was 1.28, a 10% drop in the last 30 days.
Asset SMI tracks the activity of experienced or institutional investors by analyzing market behavior during the first and last hours of a transaction.
As indicators rise, it shows an increase in purchasing activity by these investors, increasing confidence in their assets. Conversely, if it drops, it suggests a decrease in sales or trust in activities from these investors, and points to expectations of a decline in price.
PI faces mounting pressure
Since May 21st, PI prices have consistently fallen below the descending trendline. This is a pattern that maintains bearish momentum. This setup appears when sellers dominate the market, forming low highs over time, suppressing meaningful rebound attempts.
The continued presence of PI under this trendline reflects ongoing investor hesitation and a weakening of demand. If this continues, its price could revisit an all-time low of $0.40 and drop to a new low.
Meanwhile, a resurgence in demand could lead to Pi token price of $0.65.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
