Key Takeaways
- Pi Network price struggles ahead of token unlocking in a few weeks as market optimism wanes.
- Bitcoin’s price trading into a key support zone of $96,000 could impact the price of Pi coin.
- The Pi Network community is pushing for Pi coin to be listed on Binance, aiming to help boost its price to the upside.
The Pi Network price prediction for June isn’t looking as encouraging as it should compared to earlier weeks of its launch as speculations were high of a potential rally towards a high of $10 and above as the price of Pi Network since making its rally towards $3 has suffered significant price crash towards $0.6 as price rebounded towards $1.
Pi Network has since struggled to show a strong bullish rally, with speculation of Binance listing the crypto token still facing many setbacks despite the community voting in favor of a potential listing on the top crypto exchange.
The potential token unlocking of over 276 million tokens, expected to occur around June to August, could also impact the price potential of Pi Network, as the price may experience a significant price retracement due to the excessive supply of Pi Network tokens on the market.
The Pi network community is also pushing for a new vote in favor of the Pi token listing on Binance, as this could boost its price in June following recent market uncertainty that has affected the price of the Pi coin, which has shifted from a strong rally to the upside.
Bitcoin Price Uncertainty Affects Pi Coin
The price of BTC in the last few days hasn’t been bullish, as it has shown more of a sideways price movement following its rejection from a high of $111,700 after hitting a new all-time high. Many experts were expecting a potential rally to $120k.
If the price of BTC continues to range in June, we could see the Pi token struggle to reach potential highs in the coming weeks, as the price currently holds above the key support zone of $0.6, which has prevented a potential price crash to lower regions.
Pi Network June Price Prediction
Source – Pi Network Price Chart From Coinmarketcap
The price prediction for Pi Network in June remains optimistic for many traders and investors, despite recent market uncertainties, as the price of Pi coin has the potential to rally towards its high of $1.
A break and close above this zone could lead to a strong rally, with the price trading to $3, where it formed a strong supply zone before being rejected and moving to lower price points.
If the price of the Pi coin fails to hold its key support zone of $0.6, the price could attempt to reach lower support targets.
