Pi Network’s Coin Risks Crashing Another 25% Amid Token Unlock

Pi Network’s native token, Pi Coin (PI), may implode further after crashing 80% from its yearly high. The top catalysts behind this bearish outlook include a classic bearish reversal pattern and the ongoing token unlock events.

Let’s examine further.

Pi Coin Could Crash 25% in April

Pi Network’s PI token has broken decisively below a rising wedge pattern on the 4-hour chart, signaling the possibility of deeper losses in the short term.

For the unversed, a rising wedge pattern forms when the price ascends inside a range defined by two ascending, converging trendlines. As a rule, it resolves when the price breaks below the lower trendline, falling to a level typically at length equal to the wedge’s maximum height.

As of April 17, PI/USDT had entered the breakdown stage of its wedge pattern, eyeing a decline toward the $0.44-0.45 region, down about 25% from the current prices.

Adding to the bearish outlook, the Relative Strength Index (RSI) has dipped near the oversold region, currently sitting around 32. This suggests waning momentum but not yet a definitive reversal signal.

Meanwhile, the 200-4H exponential moving average (200-4H EMA; the blue wave) remains far above, around $0.87, reinforcing the dominant bearish structure. Reclaiming it as support may invalidate the rising wedge setup.

High PI Supply Doubles Down on Bearish Outlook

As of April 17, 2025, Pi Network has scheduled multiple token unlocks throughout the month.

A notable event occurred on April 16, when 2.8 million PI tokens were released into circulation. This is part of a broader plan to unlock approximately 108.9 million PI tokens during April.​

Looking ahead, daily unlocks are set to continue, with amounts ranging from 5 to 6 million PI tokens each day. For instance, on April 20, around 5.74 million tokens are expected to be unlocked, followed by 5.14 million on April 21, and 5.91 million on April 22.

These unlocks are part of a larger schedule that will see over 1.56 billion PI tokens released over the next 12 months, averaging about 134 million tokens per month. The largest single-month unlock is anticipated in December 2027, with 432.3 million tokens set to be released.​

It’s important to note that token unlocks can influence market dynamics, potentially affecting PI’s price due to increased supply, especially if the demand drops simultaneously due to internal and external factors.