After a dramatic collapse in recent weeks, Pi Coin appears to be stabilizing near a key support zone around $0.60. While traders remain cautious, some indicators suggest that a potential rebound could be forming—if this level continues to hold.
But with a volatile history and a massive unlock schedule on the horizon, is Pi Network really ready for a reversal?
Pi Con Price Action: $0.60 Proves a Key Line in the Sand
Pi Coin has seen a sharp correction from its May highs above $1.50. However, price has now settled into a sideways range just above $0.60, a zone that previously acted as resistance and now appears to be flipping into tentative support.
Source: Tradingview
On June 13, the token briefly dipped below this level—hitting a low of $0.40—before recovering most losses in a single candle, signaling strong buyer interest at that range.
Technical Indicators Flash Mixed Signals
Looking at the DMI (Directional Movement Index), the situation remains complex:
- ADX (red line) is trending lower from 70 to around 34, indicating waning trend strength.
- +DI (orange) and -DI (blue) remain close, showing no clear directional conviction.
- This reflects a typical period of indecision, which often precedes a breakout or renewed drop.
Source: Tradingview
If bullish momentum strengthens, a move toward $0.75–$0.85 could follow. However, a clean break below $0.60 might open the gates for a retest of the May lows below $0.40.
Whale Behavior and Unlock Pressures Still a Risk
Even if support holds, macro pressures remain. Pi Network is facing daily token unlocks of over 11 million PI, with the highest unlock spike coming on July 6. This means the market could still face heavy sell-side liquidity in the short term—especially if sentiment weakens.
For long-term holders, the key concern is whether these new coins are absorbed by the market, or if they push the price below the psychological $0.50 threshold.
Final Thoughts: Can Pi Coin Mount a Comeback?
The Pi Coin price support zone around $0.60 is holding—for now. But without strong fundamentals or bullish catalysts, the token remains in a precarious position.
Traders should keep a close eye on:
- Unlock data (especially July 6)
- Price action around the $0.60 mark
- Signs of breakout volume or trend exhaustion on intraday charts
Rebound or more pain ahead? We’ll likely know soon enough.
