Pi Network Eyes $1 Milestone Amid September Token Unlock and New ETP Listing

Pi Network's token price has climbed over 1% in the past 24 hours to $0.385, marking a 16% rebound from its August 25 low of $0.3303. The rally fuels speculation about a potential push toward the psychologically significant $1 level.

September brings a critical test: approximately 149 million PI tokens will unlock, potentially flooding the market with new supply. Liquidity remains a concern, with daily trading volume stagnating NEAR $43.8 million—a far cry from May's activity levels. Thin order books heighten vulnerability to volatility.

Technical indicators paint a mixed picture. The token remains trapped in a descending channel pattern dating back to May, with RSI at 38 reflecting weak momentum. A breakdown could retest the all-time low of $0.322, while sustained buying pressure may challenge resistance at $0.40.

Analyst Kim Wong attributes the rebound to ecosystem developments rather than technical factors alone. The August 25 listing on Swapfone and Valour's launch of a Pi SEK ETP provide fundamental support during this fragile recovery.