Pi declines as community demands transparency for $100M fund
Pi (PI) is trading at $0.1163, down 8.52% on the day and currently near session lows. The asset remains below its key moving averages, highlighting sustained downward momentum.
Highlights
- Over $1.5 billion in Pi Network tokens will be unlocked over the next 12 months, increasing supply pressure.
- Pi Core Team announced new product launches and ecosystem development, while governance debates focus on the $100 million foundation fund.
- PI/USD faces entrenched bearish momentum and high volatility, with price expected to consolidate between $0.1129 and $0.1197 in the near term.
Token supply pressure mounts as product rollouts stir governance concerns
Ongoing token unlocks for Pi Network are set to release over $1.5 billion in tokens to the market in the next 12 months, a structural increase in supply that may add continual pressure on circulating float, according to BanklessTimes. At the recent Pi2Day 2026 event, the Pi Core Team announced new product launches, ecosystem updates, and expanded testnet engagement to drive platform adoption, as reported by Bitget. Additionally, community members have called for greater transparency around the allocation of the Pi Foundation's reported $100 million fund, according to Coinpedia, highlighting ongoing governance discussions within the project.
Oversold signals persist with resistance capping weak Pi momentum
Technically, PI trades below the MA-20 ($0.1221) and MA-50 ($0.1259) on the hourly chart, and also remains under the MA-200 ($0.1738). The Ichimoku Kijun at $0.1233 serves as immediate resistance. Relative Strength Index (RSI) stands at 25.49, Commodity Channel Index (CCI) is on a sell signal, and Stochastic RSI is in oversold territory, all highlighting deep oversold conditions. Both Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) signal a sell bias, while Bull/Bear Power points to seller dominance intraday. The Awesome Oscillator is currently neutral, not reinforcing the prevailing downtrend.
Downside risk elevated as rangebound scenario dominates short-term
For the next 2–3 trading days, PI is expected to fluctuate within the $0.1129 to $0.1197 range. The typical volatility scenario keeps price confined to this sideways band. A bullish scenario would require a break above resistance at $0.1233, while a sustained move below support at $0.1129 would increase the likelihood of further declines. The probability of an upward breakout is assessed as very low, with a much higher risk of downside extension.
Previously it was reported that Pi had shifted toward a cautiously bullish outlook as technical upgrades spurred optimism despite persistent exchange listing challenges. However, the latest price action and deep oversold signals reinforce a prevailing risk of further downside, making the durability of support at $0.1129 a crucial factor for traders to monitor in the near term.
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