- 169.80M PI tokens scheduled to unlock in June adding direct selling pressure as demand remains low on CEXs
- Price breached the Keltner Channel lower band at $0.1413 with the only remaining support at the green demand zone at $0.1297
- Testnet 2 V24 upgrade completed with node operators required to migrate to version 24.1 by June 2
Pi Network trades at $0.1427 on June 2, breaking below the Keltner Channel lower band as 169.80 million tokens prepare to enter circulation, with every daily EMA sitting overhead and the green demand zone at $0.1297 as the only visible floor left on the chart.
PI June 2026 Price Outlook: Keltner Channel Broken and $0.1297 Is All That Stands
The daily chart has been in a clean downtrend since the March spike to $0.2750. Every recovery attempt has been sold, with price printing lower highs through April and May before breaking below the Keltner Channel lower band at $0.1413 as June opens. The Keltner Channel consists of three bands, with the lower band at $0.1413, the midline at $0.1515, and the upper band at $0.1616. Price closing below the lower band signals the downtrend has extended beyond normal volatility bounds.
All four EMAs remain overhead. The 20 EMA at $0.1515, the 50 EMA at $0.1619, the 100 EMA at $0.1726, and the 200 EMA at $0.2198 form a wall of resistance that gets heavier moving up. The green horizontal support at $0.1297 is the only structural demand level visible on the chart. A monthly close below that level leaves PI with no identifiable support until the February lows near $0.13, which have already been tested.
Pi Key levels for June:
- Resistance: $0.1515 (20 EMA and KC midline), $0.1619 (50 EMA), $0.1726 (100 EMA)
- Support: $0.1413 (KC lower band), $0.1297 (green demand zone), $0.1100 (February base)
169M Token Unlock and Low CEX Demand Is a Dangerous Combination
PiScan data shows 169.80 million PI tokens are scheduled to unlock in June through the KYC verification process. Each month’s unlock adds to the circulating supply on centralized exchanges at a time when buy-side demand is visibly absent. Supply increasing while demand stays flat is the most straightforward bearish setup in crypto, and PI is heading into June with both conditions in place simultaneously.
The V24 testnet upgrade completed successfully with all node operators required to migrate to version 24.1 by June 2. The upgrade focuses on scalability, privacy, and cross-chain connectivity, laying the groundwork for V25 real-world applications and V26 full commercial openness later in 2026. For most users the upgrade happens in the background with less than 15 minutes of downtime. It is a genuine long-term development milestone but does nothing to address the near-term supply pressure that June’s unlock creates.
PI Price Prediction for June 2026
- Upside: Reclaiming the KC lower band at $0.1413 and closing back above the 20 EMA at $0.1515 on a weekly basis shifts the focus toward $0.1619, but that requires demand to absorb the June unlock, which the current chart gives no indication of happening.
- Downside: With the Keltner Channel lower band already breached and 169.80M tokens unlocking into low demand, the green support zone at $0.1297 is the primary June target. Losing that on a monthly close opens the February base near $0.11 with no structure in between.
Related: XRP Price Prediction: June Starts at a Two Year RSI Low With $1.15 as the Last Demand Zone
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