Pi Network Price Under Bearish Siege Ahead of Monday’s Token Unlock – What’s Next?

Bearish winds batter Pi Network as its token unlock looms—will hodlers face a Monday massacre?

The clock’s ticking. With July 29’s unlock event approaching, Pi’s price action resembles a deflating balloon at a crypto conference afterparty. No fancy charts needed—the crowd’s already leaning toward exits.

Token unlocks: The market’s favorite ‘supply shock’ horror story

History’s clear: Projects tend to sweat when locked tokens hit the open market. Pi’s no exception—its mobile-mining army now stares down a classic ‘buy the rumor, sell the news’ scenario. Except this time, the rumor’s wearing bear claws.

Will Pi’s grassroots community absorb the selling pressure? Or will this turn into another case of ‘number go down’ theater? Either way, Monday’s unlock might just separate the true believers from the fair-weather moonboys. After all, nothing tests conviction like a 10% dump before breakfast.

The Pi Network price today is under pressure as the token fails to make any decisive breakout; instead, the momentum remains weak. 

For weeks, it has remained in a tight consolidation zone, reflecting both weak investor interest and prevailing bearish sentiment. With negative flows and low volume, the asset faces a difficult near-term outlook.

Stuck in Range: Pi Network Price Today Reflects Sideways Market

Since July 15, the PI Network price has traded in a narrow band between $0.43 support and $0.46 resistance. Despite several attempts to break through the upper limit, every rally has been short-lived. 

Each rejection has reinforced a sideways trend, indicating that neither buyers nor sellers have been able to gain the upper hand. When writing, the Pi Network price today is exchanging hands at $0.4412 with “-0.97%” decline in gains on the daily chart.

What reinforces this lack of momentum is the continuous decline in trading volume, evidenced on Santiment chart data. 

According to the latest data, 24-hour trading volume dropped by 38% to $60.82 million. Such a parallel fall in both price and volume often confirms fading interest from both bulls and bears, setting the stage for potential breakdowns.

Caution Ahead: Sentiment and Token Flows Turn Bearish

Market sentiment is doing little to help the case for recovery. The weighted sentiment score for PI is currently at -0.558, signaling a strong bearish mood among traders and the broader community. 

This sentiment is backed by fresh data from PiScan, which shows a negative token net FLOW of -788,377.4 PI from centralized exchanges (CEXs) over the last 24 hours.

Adding further pressure, a wallet identified as “Pi Foundation 2” (linked to the Pi Core Team) also recorded a negative outflow of -7,958,590 PI tokens during the same period. 

Together, these figures hint at a net distribution phase, which often precedes or accompanies declining price action.

Watch the Unlock: 10.8 Million PI Tokens Set to Enter Market

Another factor contributing to the unease around the Pi Network price today is the upcoming token unlock event scheduled for next Monday. 

As per PiScan data, 10.8 million PI tokens are set to be released, the largest unlock in the next 30 days. This is part of a broader total of 171.25 million PI tokens worth $75.91 million expected to be unlocked over time.

Token unlocks typically serve as bearish catalysts, especially when accompanied by weak demand and low volume. Traders often sell unlocked tokens to realize gains or reallocate portfolios, creating downward pressure on price.

If this distribution trend continues, PI could risk falling below its current support at $0.43, potentially revisiting its all-time low of $0.40 or even creating fresh lows.

Upside Potential Hinges on Breaking $0.46

On the flip side, if the Pi token manages to clear resistance at $0.46, it could attempt a short-term rally toward $0.50. 

However, this WOULD likely require a surge in both volume and sentiment, both of which remain absent for now. 

Without a shift in fundamentals, the Pi Network price today looks more likely to drift lower than stage a recovery.