rewrite this title Can Pi Network Price Hit $1 Again?

The price of Pi Network’s token, Pi, has seen sharp ups and downs lately, dropping from $0.52 to around $0.45. This kind of pattern,  where a coin pumps quickly and then pulls back,  is typical in crypto markets, especially when a token is going through a consolidation phase. Right now, Pi’s trading volume is also declining steadily, which is expected during this cooling-off period.

According to analysts, Pi is holding firm at the critical $0.40 support level. This is important, especially considering the network will unlock a massive 276 million PI tokens between June 28 and July 15, 2025. Despite the extra supply entering the market, the price hasn’t crashed further, which is a positive sign.

Crypto analyst Dr. Altcoin shared that it’s now been over a week since Pi dropped into the $0.40 range, and it’s unlikely to fall much lower. According to him,  as the market approaches the end of August, the rate of new token unlocks is expected to slow down by at least 30%. If this happens, July and August might mark the lowest price levels Pi will ever see again before beginning a steady rise.

There’s also growing chatter that if PI can break above the descending price channel it’s been stuck in, it could eye for new targets like $0.98, $1.38, and even $1.67 in the coming months. A breakout above $0.60 could be the first signal for such a move, setting the stage for a run toward the long-awaited $1 mark.

Additionally, the Pi ecosystem is still developing behind the scenes, with new apps and projects slowly adding real use cases for the token. While the extra coins being added to the market are keeping the price down for now, experts say that it’s a smart long-term move to strengthen the ecosystem first.