#PI# On July 7, 2025, at 0:51, the price of Pi Network was $0.4650. There is a lot of uncertainty in the price movement of Pi Network in the coming days; here are some analyses for reference:

favorable factors

From a technical perspective, Pi Network has formed some relatively positive patterns, such as a double bottom pattern at $0.3976, with the neckline resistance at $1.665. It has also formed a descending wedge pattern, which suggests that the selling pressure may be weakening, providing some technical support and the possibility of a rebound. If it can break through some key resistance levels in the future, the price is expected to rise, with some opinions suggesting that if it performs strongly, it could reach $1, and even further increase to $1.6695.

bearish factors

In terms of market sentiment, investors are currently more cautious, with a strong bearish sentiment. In the past week, the price of Pi Network has plummeted nearly 17.78%, which has dealt a blow to market confidence. Moreover, the large number of tokens set to be unlocked poses a significant risk, with 276 million PI scheduled to be unlocked in the future, accounting for 3.7% of the supply. This could create substantial selling pressure in the market, potentially leading to further price declines. From a technical indicator perspective, although the RSI is approaching the oversold area, suggesting limited downward potential, the Bollinger Bands show that the price is closely hugging the lower band, indicating that selling pressure remains substantial.

Overall, the price movement of Pi Network in the coming days appears to be complex. If it can hold the key support level of $0.40, and some positive news triggers, such as listings on major exchanges, then a rebound may occur, with the price expected to rise to between $0.50 and $0.586. However, if it fails to hold the support level, under the pressure of token unlocking, the price may continue to decline, potentially leading to a more severe drop. It is important to note that the cryptocurrency market is highly volatile, and Pi Network also faces risks related to legal compliance, so the above content is for reference only and does not constitute investment advice.