Pi Network Stuck in Sideways Purgaory as Monthly Token Unlock Threatens Volatility

Pi Network’s price action flatlines—again—as traders brace for the project’s largest monthly token release. Will the flood of new coins sink prices or spark a breakout?

Another day, another crypto project teasing ’utility’ while traders obsess over unlock schedules. The Pi Network community watches nervously as circulating supply prepares to balloon—because nothing screams decentralization like pre-scheduled dumps.

Technical indicators show Pi trapped between key support and resistance levels. Meanwhile, the project’s ’build-first’ crowd faces off against mercenary traders looking to front-run the unlock. Place your bets—this could get messy.

Funny how these ’revolutionary’ projects always seem to schedule their token releases during market hours rather than, say, 3 AM on a Sunday. Almost like someone wants liquidity... or an exit.

Momentum indicators are largely neutral. The relative strength index, which is at 48.36, indicates a lack of clear direction, while the stochastic RSI, which is at 18.16, indicates short-term oversold conditions. The MACD has shown bearish momentum by crossing below its signal line at 0.0047.

The majority of short- and medium-term moving averages are above the current price and continue to act as resistance. Strong volume and a breakout above $0.85 might pave the way for a MOVE to $1.00 and possibly $1.15.

In a bearish scenario, if the $0.74–$0.75 range is not held, Pi may return to the psychological level of $0.70, with additional risk reaching $0.65 or even the lower Bollinger Band at $0.53. If there is consistent selling pressure, the massive supply overhang from impending unlocks could accelerate this decline.