Pi Network's PI tests $0.35 support amid 57% YTD decline and token unlocks

Pi Network's native token, PI, has reached a critical juncture as it tests the $0.35 support level, a key threshold amid its continued bearish trend. This level is being closely monitored by investors and technical analysts, who note its potential to influence short-term price direction. The price has dropped nearly 23% in the past month and 57% year-to-date, with recent movements breaking below key support levels like $0.362 and $0.38, raising concerns about a possible retest of the $0.27 level [2]. The current 4-hour chart shows the token hovering near $0.35, a level seen as pivotal for determining near-term directional movement [3].

Historically, the $0.35–$0.33 range has attracted accumulation activity, suggesting that a successful hold at this level could trigger increased market interest. Analysts have pointed out that if accumulation patterns persist, the token may experience a reversal [1]. However, without clear guidance from Pi Network’s core team, market participants are left to interpret these signals independently. Dr. Nicolas Kokkalis and the leadership have not provided updates regarding the $0.35 level, which has intensified speculation and uncertainty [1].

The financial implications of Pi Network’s price action remain significant. Upcoming token unlocks are expected to create additional selling pressure, particularly if the support level fails to hold. With over 2.36 billion PI tokens still locked and set to unlock, the circulating supply has grown by 18% since June 2025, presenting a structural challenge for price appreciation [4]. Unless demand surges to offset this supply expansion, the token could remain range-bound for the foreseeable future.

Amid these challenges, Pi Network is making strides in building real-world applications. A recent hackathon held from August 19–25 offered 75,000 PI to developers creating decentralized applications (dApps), signaling efforts to diversify the ecosystem. Past initiatives, including the Pi2Day update and .pi domain auctions, have demonstrated the community’s responsiveness to new developments [4].

Speculative interest has also been driven by whale activity. A major wallet, “GAS…ODM,” has amassed 350 million PI—valued at approximately $125 million—since April, prompting speculation about potential actions such as a Binance listing or team-led buyback. While such moves could boost liquidity and investor confidence, the concentration of holdings also introduces risks if large volumes are suddenly sold [4].

On the technical front, PI is forming a falling wedge pattern, often viewed as a potential precursor to a reversal. A successful defense of the $0.32 support level will be crucial to prevent a retest of $0.27. A rebound from the $0.35 level could pave the way for a short-term recovery attempt toward $0.40, with further resistance at $0.43 and $0.50 [4].

The broader outlook for Pi Network hinges on whether innovation and community engagement can counterbalance the ongoing supply pressures. A positive outcome from the recent hackathon and sustained whale activity could serve as catalysts for a breakout. However, without a clear shift in momentum, the path to recovery remains uncertain and challenging.

Source:

[1] Pi Network price eyes accumulation zone: why $0.35 support can spark a reversal (https://crypto.news/pi-network-price-eyes-accumulation-zone-why-0-35-support-can-spark-a-reversal/)

[2] Pi Coin (PI) Price: Token Breaks Through $0.362 Support as Bearish Pressure Builds (https://blockonomi.com/pi-coin-pi-price-token-breaks-through-0-362-support-as-bearish-pressure-builds/)

[3] Pi Coin (PI) is revolutionizing crypto with mobile mining (https://www.binance.com/en/square/post/28531400288425)

[4] Pi Network Price Outlook: Whales, Hackathons, and Binance Rumors Fuel Speculation (https://coindoo.com/pi-network-price-outlook-whales-hackathons-and-binance-rumors-fuel-speculation/)