Why is Pi price down 10% today?

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Pi drops 10.08% today to $0.0825

Highlights

Pi Network's v25 protocol launch focused on scalability and reliability, but failed to improve near-term price sentiment.
Bearish momentum persists as concerns grow over upcoming token unlocks and limited institutional engagement despite active dApp development.
Technical indicators confirm sustained selling pressure, with PI/USD expected to range between $0.071 and $0.1066 and high downside risk if $0.081 support fails.

Cautious outlook intensifies amid token unlock uncertainty and weak inflows

The recent launch of Protocol v25 for Pi Network shifted attention toward long-term fundamentals, with the update focused on network scalability and reliability rather than immediate consumer-facing changes. This period has been marked by cautious sentiment as bearish momentum and declining open interest were recorded. Additional concerns about token unlocks and limited institutional participation were noted, with persistent growth in developer activity around decentralized applications, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees Pi under clear selling pressure across all time frames. Declining open interest after Protocol v25’s launch points to fading market engagement and persistent bearish momentum. Technical indicators confirm the trend, with the price trapped below all major moving averages and only weak intraday buyer attempts. Kharitonov notes that lack of institutional support and lingering worries about token unlocks compound risk. He warns, "Current conditions suggest further downside is likely unless we see a decisive catalyst to shift sentiment."

Viktoras Karapetjanc, expert at Traders Union, views the Protocol v25 upgrade as a boost to Pi’s long-term fundamentals. He maintains confidence in the network’s developer activity and sees this phase as laying the groundwork for future value. Despite short-term price weakness and low participation from institutions, the bullish structure remains intact for strategic investors. Karapetjanc adds, "This consolidation offers forward-looking traders multiple setups, and I expect further growth as positive fundamentals take hold."

Seller dominance maintains pressure as all moving averages breached

PI/USD remains positioned below its 20-day, 50-day, and 200-day moving averages, with current levels under $0.0941, $0.1144, and $0.1604, respectively. This technical setup signals persistent seller dominance in short-, medium-, and long-term trends, with near-term pressure capped by resistance at $0.0871 and support at $0.081 reflecting today’s intraday boundaries. Momentum signals are bearish, with the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both indicating selling pressure. The Relative Strength Index (RSI) at 35.35 leans toward oversold territory, while the Stochastic RSI and Commodity Channel Index (CCI) are neutral. Bull/Bear Power (BBP) at 0.0021 shows buyers have a slight edge intraday, but daily direction favors sellers, as the price is down $0.0093, slipping 10.08%. The pair opened with a downside gap of about 6.43% and trades near the day's low. Intraday volatility stands at 7.53%. The overall tone is one of heavy pressure after the open, and momentum indicators broadly confirm this with only marginal support from buyers.

Earlier, analysts noted that Pi was under persistent bearish momentum, with technical signals suggesting a continued downside bias. The current article strengthens this view with fresh evidence of declining open interest and heavier selling pressure, making the $0.081 support the critical level to monitor for signs of further deterioration.

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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