Pi Coin is showing a modest bounce today, gaining just over 3%, but it’s still stuck beneath the key $0.70 resistance zone. Despite this positive move, the broader outlook remains cautious, as the token faces increasing pressure from upcoming supply releases.
🔓 Roughly 5.8 million PI tokens are unlocking today, with a staggering 223 million set to hit the market in the next month. This surge in supply could put the price under stress, particularly if demand doesn’t rise to meet it.
💰 Currently trading near $0.66, this level is becoming a make-or-break zone for bulls. A strong daily close above it could spark a move toward the $1 mark. But if buyers fail to defend this support, we might see further downside as unlocked tokens flood the market.
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