Pi rises nearly 14% as buyers return after sell-off triggered by token unlock fears

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Pi surges 13.92% today after rebound

Highlights

Pi Network's PI token faces renewed selling pressure with 103 million tokens scheduled for imminent unlocking, triggering investor concerns.
Ongoing lack of major exchange listings and early adopter selling further erode sentiment despite discussions around real-world use cases.
PI/USD remains in a pronounced downtrend, with most indicators bearish, and is likely to trade between $0.0496 and $0.1006 over the next five sessions.

Selling risk intensifies amid token unlock, weak exchange access

Pi Network's PI token has faced major downward pressure as news emerged of an imminent unlocking of 103 million tokens, raising concerns about further selling. The platform has seen over 10.9 billion mining rewards migrate to mainnet, according to Pi Blockexplorer data. Lack of listings on major exchanges and reports of early adopters selling have further unsettled community sentiment. Despite active discussions about real-world use cases, challenges in adoption and exchange support continue to weigh on the project.

Anton Kharitonov, expert at Traders Union, notes that Pi's short-lived surge is overshadowed by entrenched bearish pressure. He sees fundamental weaknesses from persistent exchange listing issues and looming token unlocks that threaten further selloffs. Technical signals remain negative, with the asset failing to reclaim key moving averages and momentum stuck decisively in oversold territory. Market confidence is clearly lacking, given continuous concerns over adoption and the absence of institutional support. He stresses significant downside risk if support at $0.0756 breaks. "Unless Pi demonstrates real-world traction and secures listings, I expect deeper losses to follow," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, believes Pi's ongoing adoption activities and mainnet migrations are laying a strong foundation, despite recent price volatility. He highlights the market's resilience, citing active discussions about use cases and the vast mining reward migration as positives. Karapetjanc sees potential for renewed bullish structure if the project overcomes exchange listing delays and unlock-related pressures. He remains confident in long-term prospects, pointing to underlying community engagement. "This phase offers significant opportunity for forward-looking investors as the market prepares for the next growth cycle," Karapetjanc affirms.

Parshwa Turakhiya, analyst, sees Pi's steep intraday bounce as a short-term play driven by oversold technicals and volatility spikes. He notes that sellers remain in control, but extreme RSI and volatility could trigger brief relief rallies. Turakhiya warns of choppy sentiment, with any upside capped by immediate resistance at $0.0874. He identifies scalping opportunities for nimble traders within the predicted $0.0496 to $0.1006 band. "Stay nimble — quick technical reversals may reward those who react fast to shifts in sentiment," Turakhiya advises.

Bearish momentum confirmed as price stays below technical barriers

PI/USD trades firmly below its 20-day, 50-day, and 200-day moving averages ($0.1097, $0.1246, and $0.1658), underscoring seller dominance across all timeframes. The pair faces near-term resistance at $0.0874 and immediate support at $0.0756, while the distant Ichimoku Kijun at $0.105 highlights a bearish long-term trend. Technical indicators remain decisively bearish: the MACD and ADX reveal weak momentum, and the RSI is deeply oversold at 15.84, confirmed by oversold readings from the Stochastic RSI and CCI. Intraday, sellers still control flow as shown by Bull/Bear Power and the negative Awesome Oscillator, despite today's sharp rebound and 15.61% volatility spike.

Earlier, analysts noted that Pi's shift to bullish momentum was tempered by ongoing concerns over unlocked token supply and project adoption challenges. Renewed selling pressure and persistent technical weakness now reinforce a predominantly bearish outlook, making the $0.0756 support level a crucial threshold for any near-term reversal.

Source of Data: PI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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