- Summary:
- The momentum in the price of the PI network coin faces the pressure increase thanks to a coins flow from a mega token unlock. How long can it be handled?
The PI Network Coin Price structures below $ 1 Continue, with its momentum becoming more bearish in the middle of the continued unlocking of the token. The crypto coin was exchanged for $ 0.591 at the time of the press, its weekly losses stacked up to -6.85%. It has been about three months since PI rose at all times as high as $ 3.00, but lost 80% of its value at that time, wrapping existing bearnishness.
In a positive note, the PI network coin price rose 45% from records of $ 0.407 registered in early April. However, its upward traction was forced by the project's failure to live up to the glitter painted on its roadmap and the massive supply brought to the market by unlocking its token.
Approximately 231 million PI network coins worth about $ 137 million went into circulation in the April Vide token Unlock. The project has about 1.5 billion tokens set to be distributed through that mechanism for 12 months. That is likely to lead to a stream to put a PI network coin price cover.
Meanwhile, the BNP Paribas has announced a partnership with the PI network, which will allow users to enjoy Instant SEPA (single euro payment area) for online transactions. That is a necessary support for the network of a reputable institution. It comes at a time when it faces increasing criticism of transparency and its authenticity, underlined by a bright decline of Binance and Bybit to list it.
🚨Flash News: BNP Paribas and PI Network, what a great collaboration!@Picoreteam @nkokkalis @Chengdiao
Changing the financial scenery: PI coins and cooperation of BNP Paribas!
BNP Paribas has opened an innovative online payment service using… pic.twitter.com/uqryrwwsmg
See also
– PI Coin Magazine (@pi_coinmagazine) May 3, 2025
PI network price price prediction
PI network coin price pivots at $ 0.595 and resistance to that level favors the sellers. The coin is likely to meet the initial support at $ 0.582. If the seller expands their control, the price may lower and test $ 0.571.
On the other hand, going above $ 0.595 will invite consumers to control, shifting momentum upside down. The coin is likely to meet the initial resistance to $ 0.602. The downside narrative is invalid if the price breaks below that level. If that happens, the price action may be higher and try $ 0.611.
