Pi Network Price Stalls at $0.62 Today (6/12): What’s Next for Pi Coin? Will It Surge or Fall?

Jakarta, Pintu News – As of June 11, several altcoins have recorded significant gains. One notable exception is PI, the native token of the Pi Network.

Instead of following the broader market recovery, Pi Network’s lackluster performance has left it exposed to further losses. For now, the cryptocurrency remains locked in a downward trend.

This bearish price movement is in stark contrast to the previous surge. During that period, the price surged to $1.65 amid increased market interest.

Will PI recover in the near future? Let’s find out.

Pi Network Price Drops 1.7% in 24 Hours

On June 12, 2025, the price of Pi Network (PI) was recorded at $0.6296, a decrease of 1.7% in the last 24 hours. If converted into the current rupiah ($1 = IDR 16,220), then 1 Pi Network is IDR 10,212. In the last 24 hours, the price of PI is still in a range between $0.627 and $0.6428.

Read also: Whale Pi Network on the Move Ahead of June 28 Update: Can Pi Coin Surge to $1.2?

With a market capitalization of $4.67 billion, Pi Network has a fully diluted valuation of approximately $7.19 billion. Trading volume in the last 24 hours was recorded at $72.78 million, indicating fairly high market activity despite the slight price correction.

Market Recovers Without PI

Reporting from CCN (11/6/25), the price of PI was trading at $0.64, which recorded a 55% decline in the past month. This decline appears to be driven by declining demand and increasing selling pressure, which has had a heavy impact on market sentiment.

This decline has also disrupted the technical structure of the PI. The price remains trapped within the downward channel on the daily chart and is now approaching the pattern’s horizontal support level, indicating further downside potential.

Amidst the ongoing downtrend, the Supertrend indicator has turned bearish, with the red line now above the current PI price.

Usually, the green Supertrend line below the price serves as support, indicating a potential upside. Conversely, a red line above the price signifies resistance and indicates that bearish sentiment still rules the market.

With this setup, the Pi Network price may struggle to break the immediate resistance at $0.89.

Even if it manages to break through, the second key obstacle stands at $1.24, making a sustained recovery highly dependent on persistent buying pressure.

The Moving Average Convergence Divergence (MACD) has also confirmed a bearish crossover.

This happens when the short-term Exponential Moving Average (EMA) (12 EMA, blue) crosses below the long-term EMA 26 (orange), which reverses the usually bullish setup.

As of now, the MACD histogram is still in negative territory. If this trend continues, PI prices could face further downward pressure.

PI Price Prediction: No Recovery

Again, like on the daily chart, the 4-hour chart (11/6) also sends a clear message-the PI price recovery will not be easy. In the chart below, the 20-period EMA (blue) is still above the 50 EMA (yellow).

PI is showing a death cross on the 4-hour chart-a bearish signal that forms when the short-term EMA crosses below the long-term EMA. To make matters worse, these two EMAs are above the current price, reversing from support to resistance.

This setup shows that the bears still rule the market, and unless sentiment changes, Pi Network’s price could drop to $0.60. If sellers get more aggressive, a drop to $0.50 may be inevitable.

However, this narrative can change quickly if the momentum reverses and the death cross turns into a golden cross.

PI may rebound towards $0.77 in such a bullish scenario, right at the 0.618 Fibonacci level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Pi Network (PI) Lags Behind as Altcoins Rebound, Likely to Extend Downtrend. Accessed on June 12, 2025