Pi Network ($PI) is changing hands at $0.128 on Saturday, June 13, 2026. That marks a 0.70% gain in the past 24 hours.
The broader crypto market is flat, climbing 0.34% to a combined market cap of $2.18 trillion.
The altcoin is trading below all four major EMAs, the 20, 50, 100, and 200. That cluster of resistance above the price tells traders that sellers still control the bigger trend.
The daily chart shows a falling channel pattern. Price has been making lower highs and lower lows for weeks. The recent bounce from the lower trendline looks like early stabilization, not a confirmed reversal.
The Pi Core Team has set June 18 as the deadline for all Mainnet nodes to complete the Protocol 25 upgrade.
Any node that misses the cutoff risks getting disconnected from the network. The team flagged that this upgrade takes longer than usual, so operators were told to start the process early.
The outcome of this migration could play a direct role in short-term sentiment.
The numbers here are worth tracking. About 6.2 billion tokens remain locked, and 132.8 million tokens are set to unlock over the next 30 days. That works out to roughly 2.14% of the total locked supply.
Daily unlocks average 4.43 million tokens. June 13 carries the heaviest single-day release of the month at 7.67 million tokens.
On top of that, a separate unlock of 14.8 million tokens is scheduled for this Friday. That kind of supply increase can put a ceiling on price recovery if demand does not absorb it.
The RSI on the daily chart sits near 34, which is just above traditional oversold territory. Selling momentum appears to be slowing down.
If buyers can hold the $0.120 to $0.125 support zone, the altcoin could attempt a short-term bounce.
The first target is $0.135, followed by $0.150, both of which line up with overhead EMA resistance.
A sustained move above $0.150 could open the road toward $0.165 to $0.180. On the downside, a break below $0.120 brings $0.110 into play as the next key level.
Pi Launchpad updated its participation model after the first Testnet token launched on PiDay 2026. That test pulled in over 478,000 Pioneers and returned a batch of feedback on the mechanics.
A second test token named SLICE is now live on the Testnet. SLICE will not transfer to Mainnet. It exists purely to test the improved Launchpad flow and give users a dry run before real ecosystem tokens go live.
Participation stays open until Pi2Day on June 28. Users can join through Pi Launchpad inside the Browser.
Exchange wallets tracked by Pi Scan held a combined 548.93 million tokens, worth around $70.20 million at current prices.
Inflows came in at 319,303 tokens. Outflows reached 579,018 tokens over the same window. That left a net outflow of 259,714 PI.
OKX, Bitget, MEXC, Gate.io, LBank, and Kraken all posted negative daily flows. Pionex was the only exchange showing net positive movement, suggesting the selling pressure is spread unevenly across platforms.
The technical picture shows tentative stabilization, but the broader trend stays bearish until PI reclaims its EMA cluster.
Upside levels to watch: $0.135, $0.150, and $0.165 to $0.180. Downside levels to watch: $0.120 and $0.110.
Two events will matter most in the short term: whether nodes complete the June 18 Protocol 25 upgrade without issues, and how the market absorbs the ongoing token unlock schedule through the rest of June.
Disclaimer: This article is for informational purposes only. Nothing here is financial or investment advice. Crypto assets are highly volatile and carry significant risk. Prices can move sharply in either direction within short timeframes. Always conduct your own research before making any financial decisions. Never invest funds you cannot afford to lose.
