Pi Network Faces Renewed Downside as Daily Unlocks Push PI Toward $0.16
Pi Network (PI) is under mounting selling pressure as over 4.6 million PI tokens unlock daily, adding roughly 139 million tokens to circulating supply over the next 30 days (source: PiScan). The influx has coincided with weak spot demand; PI trades around $0.187 and sits below key moving averages (7-day SMA $0.203, 30-day SMA $0.206), indicating a persistent bearish trend. Momentum indicators show the RSI (14) at 26.8 (oversold) and a negative MACD histogram, signaling intensifying bearish momentum rather than a reversal. PI recently broke the $0.192 support; analysts now highlight $0.162 as the next significant support level. Short-term rebounds are possible, but unless unlock volumes slow or new demand catalysts appear, the report forecasts sustained downward pressure and a likely retest of $0.162. The article also notes Outset PR’s data-driven communications work but emphasizes tokenomics and supply mechanics as the main price drivers. This update is relevant for traders monitoring increased supply shocks, support/resistance levels, and momentum indicators for trade sizing and risk management.
Bearish
The article describes a clear supply-driven sell narrative: large, predictable daily unlocks (4.6M PI/day) are increasing circulating supply materially over the next 30 days, while market demand remains weak. Price is below key short- and medium-term moving averages and recently broke a support level ($0.192), with momentum indicators (RSI ~26.8, negative MACD) confirming intensifying bearish pressure. Historically, scheduled large unlocks or token releases (e.g., vesting cliffs, staking/airdrop releases) have increased selling pressure and led to multi-week declines when not matched by demand — similar dynamics occurred with several Layer-1 token unlocks and ICO vesting periods in prior cycles. For traders this implies higher downside risk and potential increased volatility: short-term opportunities for bounce trades exist due to oversold readings, but risk of continuation toward the next support (~$0.162) is significant. Traders should tighten stops, reduce position size, or prefer short/bearish strategies until unlock volumes decline or clear demand catalysts appear. Over the longer term, resolution requires changes in tokenomics, sustained demand growth, or buy-side absorption; absent those, structural pressure may persist.