Pi Network cryptocurrency is currently trading near $0.68, down over 75% from its February high, with technical indicators showing a bearish outlook.
June could be critical for Pi Network as 263 million Pi coins are set to unlock, potentially leading to further price declines amid rising exchange inflows.
Analysts warn of deeper losses if Pi falls below $0.66 and emphasize the need for transparency from the Pi Core Team to regain investor confidence.
Despite short-term challenges, some analysts believe in Pi Coin's potential recovery to $1 or higher if sentiment improves and buying volume increases.