- Pi trades near key support as bearish momentum keeps sellers firmly in control.
- Monthly PI token unlocks may increase selling pressure if demand stays weak.
- New Pi2Day products expand the ecosystem despite continued price weakness.
Pi Network continued to struggle this week as its price hovered near a crucial support level, leaving traders watching for the next major move. The token traded around $0.0864 after extending its prolonged decline, while technical indicators continued to favor sellers. At the same time, scheduled token unlocks introduced another factor that could influence short-term price action.
Bearish Trend Keeps Sellers in Control
The daily PI/USDT chart showed a well-established downtrend, with the token forming lower highs and lower lows. Price also remained below every major Fibonacci retracement level from the latest swing, confirming continued weakness.
Moving averages painted a similarly negative picture. The 20-day exponential moving average stood at $0.1097, below the 50-day, 100-day, and 200-day averages. This alignment reflected sustained selling pressure and little evidence of a meaningful recovery.

Meanwhile, the Bollinger Band %B reading slipped below zero, indicating that PI traded beneath the lower Bollinger Band. Such conditions often suggest an oversold market. However, oversold readings alone rarely signal a lasting reversal without stronger buying activity.
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Immediate support sits near $0.0848. A daily close below that level could expose the psychological $0.0800 mark, followed by the $0.0750 to $0.0700 demand zone. On the upside, resistance begins around $0.0977 and extends toward the 20-day EMA near $0.11. Buyers would need to reclaim those levels before momentum could shift.
Token Unlocks Could Influence Market Activity
Besides the technical weakness, Pi Network faces a steady increase in circulating supply. Approximately 127.5 million PI, representing about 2.05% of locked tokens, will unlock over the next month.

That schedule averages roughly 4.25 million PI entering circulation each day. Consequently, additional supply could create selling pressure if demand fails to absorb the newly available tokens. The largest daily unlock releases 7.45 million PI, making that event another closely monitored milestone for traders.
Ecosystem Development Continues
However, development efforts continued despite the market downturn. During Pi2Day, the Core Team introduced three infrastructure products designed to expand real-world adoption.
SoloHost supports locally hosted AI applications and distributed computing. Pi Sign-in allows third-party platforms to authenticate users through Pi accounts. Additionally, PiVerify offers identity verification services for outside businesses.
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These initiatives demonstrate continued ecosystem growth. Nevertheless, price action remains the primary focus for investors until technical conditions begin showing stronger signs of recovery.
Technical Outlook for Pi Network Price
Key levels remain firmly in focus as Pi Network tests critical support following its extended downtrend.
Upside levels: $0.0977 (0.236 Fibonacci), $0.1057 (0.382 Fibonacci), and $0.1121 (0.5 Fibonacci) represent the first resistance barriers. A sustained breakout above the 20-day EMA at $0.1097 could pave the way toward $0.1186 (0.618 Fibonacci) and $0.1278 (0.786 Fibonacci).
Downside levels: Immediate support lies at $0.0848, the current swing low. If sellers force a daily close below this level, PI could decline toward the psychological $0.0800 mark, with $0.0750 and $0.0700 emerging as the next major demand zones.
Resistance ceiling: The 20-day EMA at $0.1097 remains the first key hurdle for any recovery attempt, while the 50-day EMA at $0.1254 represents the level bulls must reclaim to begin reversing the broader bearish trend.
The technical structure continues to favor sellers, with PI trading below all major moving averages and beneath every key Fibonacci retracement level. Although the Bollinger Band %B indicates oversold conditions, the chart has yet to produce a confirmed bullish reversal pattern, suggesting any rebound could face heavy selling pressure.
Will Pi Network Price Recover?
Pi Network’s near-term outlook depends on whether buyers can successfully defend the $0.0848 support zone. Holding this level could trigger a relief rally toward $0.0980–$0.1100, especially if buying volume strengthens. However, the scheduled release of additional PI tokens into circulation may keep supply elevated and limit upside momentum in the short term.
If bulls reclaim the 20-day EMA and push above $0.1186, the market could shift toward a more constructive outlook, opening the door to $0.1278 and potentially the previous swing high near $0.1395. Conversely, a decisive break below $0.0848 would reinforce the prevailing downtrend and increase the probability of a decline toward $0.0800, $0.0750, and $0.0700.
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For now, Pi Network remains at a decisive technical crossroads. Oversold momentum raises the possibility of a short-term bounce, but stronger buying interest and a break above key resistance levels are needed to confirm a meaningful trend reversal.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.