PI climbs over 17% after migration of mining rewards and continued mainnet development

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Pi jumps 17.29% today on gains

Highlights

Pi Network unlocked 103 million PI tokens, causing heightened selling pressure and raising concerns among community members.
Over 10.9 billion mining rewards migrated to mainnet and new AI-powered app development initiatives are being launched in Pi App Studio.
PI/USD trades below major moving averages with oversold momentum indicators, projecting an 80% probability of a move toward $0.0496–$0.1016 over five days.

Selling accelerates amid token unlock and ongoing regulatory uncertainty

Pi Network experienced a significant token unlock, with up to 103 million PI being released, leading to increased selling pressure and community concerns. Meanwhile, the migration of over 10.9 billion mining rewards to mainnet and the introduction of an AI-powered App Planning Phase in Pi App Studio are underway, aimed at streamlining application development. Ongoing discussions suggest that regulatory clarity could influence Pi’s long-term outlook, while the lack of listings on major exchanges continues to affect sentiment.

Anton Kharitonov, expert at Traders Union, sees the PI rebound as technically weak. He notes the token remains below all key moving averages, signaling strong bearish pressure. Heavy recent token unlocks have raised selling and undercut sentiment further. Technical indicators like MACD and ADX point to persistent downside risk, with resistance levels containing any bullish attempts. "Until PI can clear above $0.0874 and sentiment improves, I see little cause for optimism here," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, remains constructive despite short-term setbacks. He believes ongoing development in the Pi Network ecosystem, including the AI-powered App Studio, offers strong long-term growth prospects. Community engagement and pending regulatory clarity could catalyze a sustained recovery. He notes that even with current resistance, the market structure offers multiple bullish setups if positive momentum returns. "With continued innovation and potential regulatory support, the bullish structure remains intact for PI," Karapetjanc affirms.

Persistent bearish pressure as oversold signals clash with resistance

PI/USD trades below the 20-day ($0.1097), 50-day ($0.1246), and 200-day ($0.1658) moving averages, keeping the short-, medium-, and long-term trends under bearish pressure. The Ichimoku Kijun at $0.105 acts as additional resistance, with a near-term ceiling at $0.0874 and floor at $0.0756. Daily momentum remains negative, as both MACD and ADX signal further selling. The RSI, CCI, and Stochastic RSI indicate oversold conditions, while Bull/Bear Power and the Awesome Oscillator confirm intraday seller dominance.

Earlier, analysts noted that Pi remained in a broadly bearish trend due to sustained selling pressure from major token unlocks and persistent challenges in exchange adoption. The current landscape confirms this outlook, but with ecosystem development and regulatory discussions underway, traders should monitor for any decisive break above $0.0874 or below $0.0496 as cues for Pi’s next directional move.

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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