Pi Token Plunges Nearly 20% on Sell Pressure

Introduction

Pi Network’s PI token has fallen sharply over the past week as bearish momentum builds and on-chain supply pressures mount.

Price Performance

Over the last seven days, PI’s price dropped nearly 20%, sliding from around $0.60 to $0.48 at the time of writing. Trading activity has remained elevated, reflecting active sell-side participation as investors seek to exit positions.

Technical Indicators Signal Weakness

A bearish crossover on the Moving Average Convergence Divergence (MACD) indicator—when the MACD line dips below its signal line—has confirmed growing negative momentum. Traders view this pattern as a sell signal and expect deeper losses if selling accelerates.

Looming Token Unlock Raises Flood Risk

In the next 30 days, 312.29 million PI tokens (worth roughly $152 million at current prices) are scheduled to unlock. Without a matching uptick in buying demand, this sudden influx of supply could exacerbate downward pressure on PI’s price.

Key Support and Resistance Levels

PI faces immediate support at $0.40. A break below this level could trigger further declines, potentially plunging toward $0.30. Conversely, any rebound in demand could see PI aim for resistance near $0.57 as buyers attempt to stabilize the market.

Market Outlook

In the near term, PI’s trajectory will hinge on whether demand can absorb the unlocked tokens. A failure to hold $0.40 is likely to invite more selling, while any sustained buying interest could spark a recovery toward $0.57. Traders should monitor volume trends and on-chain metrics closely for signs of a shift in sentiment.