Pi Network price is consolidating as traders wait for a massive influx of tokens to enter circulation. Currently at $0.7397, Pi Network has barely moved in the last 24 hours, up only 0.03%, with a trading range of $0.7406 to $0.8586 over the past week. This is a far cry from Pi’s February high of $2.99, as this is a 74% drop.
The volume also tells a story. In the last 24 hours, volume sits at $1o3.55 million, a 13.72% decrease, indicating cautious but renewed interest from traders ahead of token unlocks. These unlocks are key to Pi Network’s short-term outlook as they bring in a lot of new token supply into the market.
The Clock is Ticking: Token Unlocks Loom Large
According to Pi Scan data, Pi Network’s recent unlocks were 10 million on May 26 and 12 million on May 27. The biggest one is today, May 28, with 15 million tokens to be unlocked, the largest single-day unlock in the current 30-day window. Looking ahead, Pi has more substantial unlocks: 263 million in June, 233 million in July, and 132 million in August. This has traders worried about sell-side pressure as these tokens enter circulation.
Additionally, on-chain data shows holders are moving tokens to centralized exchanges, which could mean more selling. This could put more pressure on Pi Network price if market demand doesn’t absorb the new supply.
Optimism with Caution: Pi Network’s Moves
While the technicals look weak, Pi Network isn’t idle. The network just launched a $100 million Pi Network Ventures fund to support startups in AI, gaming, fintech, and e-commerce. This is to create real-world use cases for the Pi token and move it out of speculation and into adoption.
If this works out, it could bring more attention to Pi and offset the supply influx. As decentralized apps roll out and partnerships mature, Pi Network might find a way to stabilize its price and grow its user base. But this will have to show up in the numbers to change market sentiment.
Technical: Low Volatility and a Setup
From a technical standpoint, Pi Network price is trading in a narrow Bollinger Band range, with support at $0.53 and resistance at $1.15. This low volatility could be hiding a coiled market ready to break out. But indicators are mixed. The RSI is at 48.36, with no clear momentum. The Stochastic RSI is at 18.16, short-term oversold. The MACD is bearish, below its signal line at 0.0047, and most short to medium term moving averages are resistance.
If $0.85 is broken with strong volume, Pi Network price could go to $1.00 or even $1.15. If it can’t hold the $0.74–$0.75 range, it could go back to $0.70, or even $0.65 or the lower Bollinger Band at $0.53 if selling accelerates with the upcoming unlocks.
The Road Ahead: Volatility and Uncertainty
With the biggest unlock of the cycle now here, Pi Network’s short term is all about market reaction. Will traders absorb the new supply or will it trigger a wave of selling that deepens recent price drops? The answer depends on Pi Network’s ability to deliver on its ecosystem as well as the broader crypto sentiment.
For investors and traders, the next few days are quite important. If Pi Network price holds above key support despite the unlock, it’s a sign of strength and there could be a rebound. If it can’t hold, it confirms oversupply and erodes short term confidence.
Conclusion: An Important Phase for Pi Network
Pi Network is at a juncture as it faces the biggest token unlock of the cycle. While the project is building long term value through ecosystem initiatives, the short term impact of so much new supply can’t be ignored.
The next few weeks will test the network’s resilience and ability to attract lasting investor confidence as supply side pressure mounts. Will Pi Network make it through? Only time will tell.
FAQs
What are Pi Network’s long term plans?
$100 million venture fund to support startups in AI, gaming, fintech and e-commerce
What’s the big deal with Pi Network’s token unlock?
With 15 million tokens unlocked as of today and more through the summer, it promises increasing supply and potentially price.
What do the technicals say about Pi Network price?
Momentum indicators are mixed. RSI is neutral at 48.36, Stochastic RSI is oversold and MACD is bearish.
How will the Ventures fund help Pi grow long term?
$100 million Pi Network Ventures fund to support startups in AI, gaming, fintech and e-commerce to bring real world use cases for PI.
Can Pi Network price break out of this range?
Above $0.85 and it could go to $1.00 or $1.15. Below $0.74–$0.75 and it could go to $0.70 or lower.
Glossary
Token Unlock: Tokens released at scheduled times.
Bollinger Bands: Volatility levels that may indicate overbought or oversold.
RSI (Relative Strength Index): Momentum that measures price movement.
MACD (Moving Average Convergence Divergence): Trend following momentum that shows 2 moving averages.
Pi Network Ventures: $100M fund to support startups in the Pi ecosystem.
Sources
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