Price Analysis View Non-AMP

Pi Network Price Stalls Below $0.40 as Token Unlocks Loom?

Published by
Shrishesh Tanksalkar

Pi Network has been unable to hold above the key $0.40 mark, slipping 3.2% over yesterday to trade near $0.384. Despite a 5.87% gain over the week, market sentiment remains cautious, with the token facing growing sell pressure from upcoming unlock events and thin liquidity. PI’s market cap is now at $3.01 billion, down 3.04%. This is while 24-hour trading volume sits at $66.44 million, showing minimal inflows to offset potential selling.

Why Is PI Price Down?

A major factor weighing on PI is the approaching unlock of over 167 million tokens. About 2.1% of the circulating supply, scheduled within the next 30 days. Notably, 10 million tokens will unlock on August 16.

Exchange data shows that 411 million PI tokens, or 5.2% of supply, are currently held on trading platforms, the highest since February 2025. This stockpile raises the risk of increased liquidation, particularly as early adopters sell mined tokens into the market.

With daily trading volume at just $66.44 million, liquidity may be insufficient to absorb these tokens without price slippage. Short-term traders appear to be exiting positions near $0.40 resistance, reflecting skepticism about PI’s near-term recovery prospects

Pi Network Price Analysis

PI price failed to sustain its recent breakout attempt above $0.40. Slipping back to test the 23.6% Fibonacci retracement level at $0.375. This level now acts as a short-term floor, with bears eyeing $0.335, which is the June low, as the next downside target if support breaks.

Technical indicators show mixed signals. The RSI-14 reading at 43.04 highlights weakening momentum, while the MACD at 0.0168 confirms a bearish bias. Price action also reflects consistent selling near the 50-day SMA at $0.412, a level PI has not convincingly reclaimed since July.

The $0.375–$0.40 band remains crucial. A close above $0.40 could trigger a relief rally toward $0.412 and possibly $0.52 if buyers regain control. Conversely, a sustained move below $0.375 may accelerate declines, taking the price to $0.335.

FAQs

What is the key support level for Pi Network?

The immediate support lies at $0.375, with a deeper floor at $0.335 if selling pressure intensifies.

What would signal a bullish reversal?

A sustained close above $0.40, followed by a break above $0.412, would invalidate the current bearish outlook.

What is the price of 1 PI token?

The price of 1 PI token at the time of press is at $0.3829, with an intraday change of -3.2%

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Three Whale Approved Altcoins To Buy Before October

Crypto whales, often seen as the "smart money" in digital assets, have been loading up…

September 28, 2025

XRP Price Prediction After October 2025 ETF Approvals

The crypto market is watching October closely as the SEC faces deadlines for multiple ETF…

September 28, 2025

New XRP ETF Filing Warns of Whale Manipulation Risk

A fresh ETF filing with the U.S. Securities and Exchange Commission (SEC) has flagged whale…

September 28, 2025

CZ Clarifies Binance Has No Official Role in Aster DEX’s Rapid Growth

The cryptocurrency world loves rumors, and lately, many have been circulating about Binance founder Changpeng…

September 28, 2025

Crypto Treasuries Companies May Crash Markets Nearly 80%, Like Dotcoms!

Crypto treasuries have become the talk of this market cycle, with institutions and corporations scooping…

September 28, 2025

Dogecoin Price at Risk: 20% Drop Looms if Bulls Fail to Reignite Momentum

Dogecoin (DOGE) has recently pushed past the $0.24 mark, signaling renewed strength in its price…

September 28, 2025