A direct correction before anything else: PI is not breaking out upward today. It's doing the opposite. The token is trading near $0.072, down nearly 20% in 24 hours and sitting at a fresh all-time low, driven by a wave of pre-emptive selling ahead of 127.5 million $PI tokens scheduled to unlock over the next 30 days.
If there's a genuine 'breakout' happening, it's a breakdown through every support level that has held over the past two weeks, $0.11, then $0.10, then $0.095, then $0.086, and now toward $0.072.
This piece covers that honestly, including what would actually need to happen for a real bullish breakout to take shape.
PI has fallen for multiple consecutive sessions, from roughly $0.114 on July 1 to $0.102 by July 8, then to $0.086 on July 13 after a reported 15% single-day plunge, and now to $0.072 today, down 19.68% in 24 hours per OKX data.
Market cap has fallen below $1 billion for the first time. The catalyst is consistent throughout: anticipation of 127.5 million PI tokens unlocking over the next 30 days, roughly 2.05% of locked supply, overwhelming already-thin exchange liquidity as holders sell ahead of the dilution.
The RSI has been reported as low as 14.24 in recent sessions, deeply oversold territory that historically precedes at least a temporary bounce.
But 'oversold' has meant little to this token for two straight weeks; every prior stretch of extreme readings was followed by further declines, not recoveries.
Metric | Detail |
Unlock size | 127.5 million PI scheduled over the next 30 days, per PiScan data, roughly 2.05% of the 6.21 billion total locked supply |
Daily unlock pace | Averaging 4.25 million $PI per day, worth roughly $431,806 at prices around the time the estimate was made |
Maximum single unlock day | 7.45 million $PI on the largest scheduled release date |
Funding rates | Reported near -2.15%, indicating heavily bearish positioning in derivatives markets |
Derivatives open interest | Declining alongside the price drop, consistent with position closures rather than fresh shorting |
Market cap milestone | Fell below $1 billion for the first time on July 13 |
24h volume during the drop | Reported up roughly 60% during the sharpest single-day decline, consistent with stop-loss cascades |
This is a textbook supply-shock selloff: the market isn't reacting to news about $Pi's products; it's reacting to arithmetic.
A large, scheduled increase in sellable supply hitting a market that's already been thin and one-directional for weeks creates exactly this kind of cascading pressure, and it tends to overwhelm technical support levels regardless of how oversold the RSI reads.
The Pi Core Team launched three products at Pi2Day on June 28: PiVerify, a fee-in-PI identity verification tool positioned against World ID; SoloHost, extending $Pi Desktop and Nodes to local AI and compute workloads; and Pi Sign-in, a cross-service authentication layer.
In theory, PiVerify's fee-based model creates the first genuine usage-linked demand for $PI, spending tokens to use a service rather than pure speculative holding.
In practice, the launches have coincided with, not offset, the steepest decline in the token's public trading history. Catalysts didn't matter, as one analyst covering the June 28 launch put it directly: the price went lower anyway.
That doesn't mean PiVerify's mechanism is worthless long-term. B2B fee revenue from a new identity verification product takes time to show up in adoption metrics, and a single month of launches was always unlikely to offset a supply overhang built over years of unlocks.
But it does mean anyone treating the July 1 product launches as a reason $PI should be resilient right now is working against what the price action has actually shown for two consecutive weeks.
Metric | Current Reading |
Current Price (approx.) | $0.072-0.074 (OKX, July 14) |
24h Change | -19.68% |
7-Day Change | Roughly -30% to -35%, based on the cumulative decline from $0.114 on July 1 |
All-Time Low | Freshly set today; prior ATLs were broken on July 1, July 8, and July 13 in succession |
Market Cap | $788.57 million below $1 billion for the first time |
RSI (recent sessions) | As low as 14.24 deeply oversold |
Funding Rate | -2.15% |
Circulating Supply | 10.9 billion $PI |
Pending Unlock | 127.5 million PI over the next 30 days |
All-Time High | $2.98–$3.00 (February 26, 2025) |
Recent Products | PiVerify, SoloHost, Pi Sign-in (launched June 28, Pi2Day) |
Pi Network recently unveiled its new AI-powered App Planning Phase in $Pi App Studio, aiming to simplify app development by helping creators define their ideas before building.
However, despite the positive ecosystem update, the market reaction has been far from bullish. Since the announcement, Pi Coin has continued to print fresh lower lows, extending its recent downtrend and raising concerns about weakening investor confidence.
Traders are now watching whether stronger ecosystem growth can eventually reverse the bearish price momentum.

Support
$0.073
$0.070
$0.065
Resistance
$0.080
$0.106
$0.125
Short-Term: Pi Network remains under strong selling pressure after breaking below key support, and unless it reclaims $0.080–$0.085, the price is likely to remain weak with downside risk toward lower support levels.
Long-Term: The long-term trend remains bearish, and a sustained recovery will only be confirmed if Pi Network closes above $0.106 and later $0.125, which could signal a broader trend reversal.
Indicator | Current Reading | Signal |
24h price change | -19.68% | One of the sharpest single-day declines in PI's trading history |
RSI (recent low) | 14.24 | Deeply oversold; historically associated with at least short-term bounces, though not guaranteed |
Price vs. EMAs (20/50/100/200) | Below all four, and falling further below with each new low | Confirms sellers remain in full control |
Next support levels | Psychological $0.05, then $0.01 | Both cited by multiple analysts as the next meaningful floors if the decline continues |
Funding rate | -2.15% | Heavily bearish derivatives positioning |
Every scenario here is anchored to whether the unlock supply clears the market faster or slower than new PiVerify-driven demand can absorb it, the same collision that's defined this entire month.
Scenario | Next 30 Days | End of 2026 | Key Condition |
Bear Case | $0.045–$0.065 | $0.04–$0.08 | Unlock supply continues overwhelming demand; funding rates stay deeply negative |
Base Case | $0.065–$0.090 | $0.07–$0.12 | Selling pressure exhausts itself as the unlock clears; oversold bounce stabilizes price |
Bull Case | $0.090–$0.120 | $0.12–$0.18 | PiVerify shows visible third-party adoption; volume expands meaningfully off the bottom |
Extreme Bull | $0.13+ | $0.20–$0.30 | Fee-in-PI demand scales fast enough to genuinely offset ongoing unlocks; broader altcoin sentiment recovers |
Risks | Opportunities |
127.5 million PI unlocking over 30 days is real, scheduled, and already overwhelming current demand | RSI near 14 is among the most extreme oversold readings recorded for any major token this year |
Market cap below $1 billion and falling reflects genuine, accelerating capitulation, not just a technical dip | PiVerify's fee-in-PI model remains the first usage-linked demand mechanism this project has ever shipped |
Negative funding rates near -2.15% show derivatives traders are heavily positioned for further downside | A token this deeply oversold has, in past cycles across the broader market, eventually attracted contrarian buying |
Every prior 'oversold' reading in the past two weeks was followed by further declines, not recoveries | Pi's KYC-verified user base in the tens of millions remains a real distribution asset for PiVerify if adoption eventually builds |