The Pi Network price just bounced back 28%—enough to put it back on the radar.

After a rough drop, the token has settled into a tight range between $0.58 and $0.66. The move has traders watching closely, unsure if this is a dead-cat bounce or the start of something bigger.

Pi Network Price: Market Standing and Upcoming Token Unlocks

Price Volume in 24h Price 7d is staring down a supply flood—1.5 million tokens unlocked already, and 160 million more on the way. Valued at roughly $94 million, the wave has stirred mixed reactions.

Yet the market’s holding steady with trading volume fell 37% in the last 24 hours, landing near $298.5 million.

Since April 16, Pi Network has been stuck in a consolidation phase, trading within a tight range of $0.60 support and $0.66 resistance. Technical indicators suggest this is a period of market indecision, with neither buyers nor sellers taking control.

Could Pi Reach $3 by June?

Amid the current consolidation, some bold predictions have surfaced. Several market analysts have set ambitious price targets, with Pi potentially reaching $3 by June. For this to happen, favorable conditions will need to materialize, such as a broader crypto rally or groundbreaking announcements from the Pi Core Team.

Specifically, rumors of a possible token burn to reduce supply could act as a major catalyst for a price surge.

The road to $3 isn’t wide open.

A wave of token unlocks still looms, and if sentiment shifts, that pressure could hit hard. Pi remains stuck in consolidation, with no major ecosystem updates or milestones to spark a breakout.

Add to that the regulatory fog and delays in launching an open mainnet, and the path gets even murkier. Until Pi lands on major exchanges, price discovery stays half-blind.

What’s Next for Pi Network?

For now, Pi Network’s price activity paints a picture of patience and optimism. The path to higher price levels, including the ambitious $3 target, will depend on market dynamics, tokenomics decisions, and broader adoption.

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For traders watching from the sidelines, the next key move could come as soon as Pi breaks out of its current trading range.

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Key Takeaways

  • After a rough drop, the token has settled into a tight range between $0.58 and $0.66. The move has traders watching closely, unsure if this is a dead-cat bounce or the start of something bigger.
  • Pi Network is trading within a tight range of $0.60 support and $0.66 resistance.
  • A wave of token unlocks still looms, and if sentiment shifts, that pressure could hit hard.

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Isaiah Mccall
Isaiah Mccall
Crypto Analyst

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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