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 $3.0src 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 src67 million tokens. About 2.src% of the circulating supply, scheduled within the next 30 days. Notably, src0 million tokens will unlock on August src6.
Exchange data shows that 4srcsrc 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-src4 reading at 43.04 highlights weakening momentum, while the MACD at 0.0src68 confirms a bearish bias. Price action also reflects consistent selling near the 50-day SMA at $0.4src2, 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 $0.4src2 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 $0.4src2, would invalidate the current bearish outlook.
What is the price of src PI token?
The price of src PI token at the time of press is at $0.3829, with an intraday change of -3.2%
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