- Summary:
- The momentum on Pi Network Coin price faces rising pressure thanks to an influx of coins from a mega token unlocking. How long can it hold?
Pi Network Coin price struggles below $1 continue, with its momentum becoming the more bearish amid its ongoing token unlocking. The crypto coin traded at $0.591 at press time, its weekly losses piling up to -6.85%. Its barely three months since Pi rose to its all-time highs of $3.00, but it has lost 80% of its value in that time frame, underlining its prevailing bearishness.
On a positive note, Pi Network Coin price has risen by 45% from its record lows of $0.407 registered in early April. However, its upward traction has been constrained by the project’s failure to live up to the lustre painted in its roadmap and the massive supply brought into the market by its token unlocking.
Approximately 231 million Pi Network coins valued at about $137 million entered circulation in April vide token unlocking. The project has about 1.5 billion tokens set to be distributed through that mechanism over 12 months. That will likely lead to an influx that will put a lid on Pi Network coin price.
Meanwhile, BNP Paribas has announced a partnership with Pi Network, which will enable users to enjoy instant SEPA (Single Euro Payment Area) payment for online transactions. That is a much-needed support for the network by a reputable institution. It comes at a time when it has faced rising criticism about its transparency and authenticity, underlined by an apparent refusal by Binance and Bybit to list it.
🚨Flash News: BNP Paribas and Pi Network, what a great collaboration!@PiCoreTeam @nkokkalis @Chengdiao
Transforming the Financial Landscape: Pi Coin and BNP Paribas Collaboration ahead!
BNP Paribas has unveiled an innovative Online Payment service that harnesses the… pic.twitter.com/UQrYRWWSmg— Pi Coin Magazine (@Pi_CoinMagazine) May 3, 2025
Pi Network Coin Price Prediction
Pi Network Coin price pivots at $0.595 and resistance at that level favours the sellers to be in control. The coin will likely meet initial support at $0.582. If the sellers extend their control, the price could go lower and test $0.571.
On the other hand, going above $0.595 will invite the buyers to take control, shifting the momentum to the upside. The coin will likely meet initial resistance at $0.602. The downside narrative will be invalid if the price breaks below that level. If that happens, the price action could go higher and test $0.611.
