On June 7, 2025, at 0:51, the price of Pi coin ranged between $0.60312 and $0.65040, with a 24-hour volatility of 7.84%, a Trading Volume of 19.71 million, and a trading amount reaching $12.82 million, while rising over 21% in 24 hours, with a market capitalization nearing $9 billion.

Recently, Pi Network has had some important developments that affect its trend. On June 4, the core development team of the Pi network announced three strategic plans, including the launch of the mainnet upgrade project codenamed Phoenix on June 5, which involves optimization of the consensus mechanism and other three core modules. After the upgrade, the network is expected to achieve the capability of processing 3000 transactions per second, with Gas fees expected to be reduced by 40%. In addition, on June 25, an ecological support plan will be announced, establishing a special fund worth a total of 200 million Pi coins to reward high-quality decentralized application development teams.
From the market expectations, Pi Network plans to unlock 276 million PI coins in June, which may exacerbate selling pressure. Technical indicators show bearish signals, with a Relative Strength Index (RSI) of 40.49 and an Aroon Down of 86%, indicating strong downward momentum. If there is no new buying interest to reverse the trend, the price could potentially drop to a historical low of $0.40. However, if it can successfully reclaim $0.65 and turn it into a support level, and further break through $0.78, it may break the downward trend and welcome a price rebound. What are your thoughts now?🤟🌹🌹🌹🌷🌷🌷🌹🌹🌹🌹