The Pi Network price today is under pressure as the token fails to make any decisive breakout; instead, the momentum remains weak.
For weeks, it has remained in a tight consolidation zone, reflecting both weak investor interest and prevailing bearish sentiment. With negative flows and low volume, the asset faces a difficult near-term outlook.
Since July 15, the Pi Network price has traded in a narrow band between $0.43 support and $0.46 resistance. Despite several attempts to break through the upper limit, every rally has been short-lived.
Each rejection has reinforced a sideways trend, indicating that neither buyers nor sellers have been able to gain the upper hand. When writing, the Pi Network price today is exchanging hands at $0.4412 with “-0.97%” decline in gains on the daily chart.
What reinforces this lack of momentum is the continuous decline in trading volume, evidenced on Santiment chart data.
According to the latest data, 24-hour trading volume dropped by 38% to $60.82 million. Such a parallel fall in both price and volume often confirms fading interest from both bulls and bears, setting the stage for potential breakdowns.
Market sentiment is doing little to help the case for recovery. The weighted sentiment score for PI is currently at -0.558, signaling a strong bearish mood among traders and the broader community.
This sentiment is backed by fresh data from PiScan, which shows a negative token net flow of -788,377.4 PI from centralized exchanges (CEXs) over the last 24 hours.
Adding further pressure, a wallet identified as “Pi Foundation 2” (linked to the Pi Core Team) also recorded a negative outflow of -7,958,590 PI tokens during the same period.
Together, these figures hint at a net distribution phase, which often precedes or accompanies declining price action.
Another factor contributing to the unease around the Pi Network price today is the upcoming token unlock event scheduled for next Monday.
As per PiScan data, 10.8 million PI tokens are set to be released, the largest unlock in the next 30 days. This is part of a broader total of 171.25 million PI tokens worth $75.91 million expected to be unlocked over time.
Token unlocks typically serve as bearish catalysts, especially when accompanied by weak demand and low volume. Traders often sell unlocked tokens to realize gains or reallocate portfolios, creating downward pressure on price.
If this distribution trend continues, PI could risk falling below its current support at $0.43, potentially revisiting its all-time low of $0.40 or even creating fresh lows.
On the flip side, if the Pi token manages to clear resistance at $0.46, it could attempt a short-term rally toward $0.50.
However, this would likely require a surge in both volume and sentiment, both of which remain absent for now.
Without a shift in fundamentals, the Pi Network price today looks more likely to drift lower than stage a recovery.
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