Is Pi Network heading toward another drop, or can bulls regain control? The latest market data shows rising selling pressure, keeping the price under stress.
Pi Network has recently attempted a recovery, but strong resistance levels continue to cap gains. With increasing token supply and weak sentiment, the market now stands at a critical point.
So, is this a buying opportunity—or a warning sign for more downside?
The biggest reason behind the recent decline is the sudden increase in supply. Over the last 24 hours, more than 1 million tokens moved to centralized exchanges, as per the PI Scan data.
This usually means one thing—investors are preparing to sell. When supply increases faster than demand, prices naturally fall.
At the same time, the Pi Network team released nearly 29.5 million tokens into the market. This move is linked to the second migration phase, where users transfer tokens to the mainnet. However, this has added more selling pressure, making it harder for the price to rise.
Another important factor is investor sentiment. Many holders (Pioneers) seem uncertain due to:
Lack of a clear roadmap
Delayed updates and upgrades
Limited communication from the core team
Because of this uncertainty, investors are choosing to sell quickly and secure profits instead of holding long-term. This behavior increases volatility and keeps the price under pressure.
From a technical perspective, the altcoin is still in a clear downtrend. The price continues to form lower highs and lower lows, which is a classic bearish pattern.
Recently, the altcoin tried to recover from the $0.13–$0.14 support zone. However, it failed to sustain momentum and faced strong rejection near $0.29.
Currently, the price is trading below key moving averages between $0.18 and $0.20. These levels are now acting as resistance, meaning buyers are struggling to push the price higher.
Looking ahead, the price will depend on whether PI Network can break above key resistance levels or not.
Bearish Scenario:
If the token fails to move above $0.20–$0.21, the price may fall again toward $0.15 and possibly retest $0.13 support.
Bullish Scenario:
If the token manages a strong breakout and closes above $0.23, it could regain momentum and move toward $0.27–$0.29.
At the moment, the market shows a range-bound movement with a slight bearish bias.
This article is for informational purposes only and should not be treated as financial advice. Crypto assets are highly volatile, and token launches can be delayed or changed without notice. Always do your own research before making any investment decision.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.