Pi Network (PI) is trading at $0.1271 on June 12, 2026, clinging to a historical support level after a staggering 96% decline from its all-time high near $3. With 16 million tokens unlocking in a single day on June 11 and exchange outflows totaling only 259,000 PI, absorption remains a challenge. Over the course of June, a total of 119 million PI are scheduled to unlock, requiring an 8x increase in exchange outflows just to keep pace.
Technical indicators paint a bearish picture. The daily chart shows all four exponential moving averages (20, 50, 100, 200) stacked above price, forming resistance at $0.1363, $0.1506, $0.1644, and $0.2111. The MACD is deep in negative territory and flattening, with $0.0998 drawn as a potential next target. A descending wedge pattern compresses price action, suggesting further downside risk.
Despite the gloomy outlook, three bullish signals are emerging. The monthly Relative Strength Index (RSI) has dropped to extreme oversold levels around 2.6 out of 100, historically a precursor to reversals. The exchange balance of PI has fallen from an all-time high of over 550 million to 545 million, reducing immediate selling pressure. Most importantly, after the June 12 peak unlock of nearly 15 million tokens, the daily unlock pace is set to slow to an average of 4.8 million over the next four weeks, potentially easing supply shocks.
Meanwhile, Pi Network’s ecosystem continues to expand. The Pi Launchpad has released SLICE, its second test token and the first connected to a real working application. The network upgraded to protocol v24 recently, with v25 expected later this month. Speculation also swirls around a possible Binance listing announcement on June 28 (Pi2Day), though the team has not confirmed any such plans.
