Pi Network Price Forecast: PI Risks Bearish Reversal From Key Resistance

• Pi Network price action remains capped below a descending trendline near $0.0910, maintaining a near-term bearish bias despite resilient retail interest.
• Futures Open Interest has held steady above $9 million for three consecutive days, signaling sustained speculative demand even as the asset extends recent losses.
• A decisive close above $0.0910 and the 127.2% Fibonacci extension at $0.0961 is required to reinstate a bullish trend and target the $0.1183 anchor.
• The project is advancing ecosystem utility through a new partnership with RoboPay and an AI-driven KYC update aimed at accelerating Mainnet readiness.
• Long-term price appreciation faces persistent headwinds from a massive unissued token supply, with approximately 89% of the 100 billion maximum supply still locked.

Pi Network (PI) edged lower on Friday, extending losses from the previous session while remaining capped below an overhead descending trendline near $0.0910. This technical resistance establishes a near-term bearish bias for the asset, requiring a decisive breakout to shift market sentiment . Despite the price decline, underlying retail demand appears resilient, with CoinAnk data indicating that PI futures Open Interest (OI) held steady at $9.21 million for three consecutive days . This sustained speculative interest suggests that market participants are positioning for a potential reversal, even as immediate upside remains constrained by the resistance level .

What Technical Levels Define Pi Network's Current Trend?

On the daily chart, PI trades near $0.0871 to $0.0882, sustaining gains from late-July lows . Momentum indicators suggest easing selling pressure, with the Relative Strength Index (RSI) rising toward the midline at approximately 46 to 48 . The Moving Average Convergence Divergence (MACD) is trending upward above its signal line in negative territory, indicating constructive signs of weakening bearish momentum . However, the token remains below the 50, 100, and 200-day Exponential Moving Averages, indicating a persistent medium-term bearish trend.

For the trend to reverse to bullish, PI must secure a decisive close above the $0.0910 resistance and the 127.2% Fibonacci extension level at $0.0961 . A breakout above these levels would target the Fibonacci anchor at $0.1183 as the next crucial barrier . Conversely, key support remains near the record low of $0.0700 to $0.07029. Some analysts identify an ascending triangle pattern on the daily chart, characterized by flat resistance at $0.10389 and rising support . A confirmed breakout above this resistance with strong volume would target $0.11849, while a breakdown below $0.08261 could trigger a liquidity sweep toward $0.07029 .

How Are Ecosystem Developments Influencing Pi Network's Outlook?

Pi Network is advancing its infrastructure through significant ecosystem developments aimed at enhancing utility and adoption. The core team has announced a partnership with RoboPay, an on-chain system built by the Fabric Foundation, allowing users to spend Pi for autonomous robot services. This integration aims to shift human-robot interaction from purchasing hardware to purchasing outcomes via a shared economic network . The partnership has boosted trading volume, reflecting a 173% increase in 24-hour trading activity to $18.11 million .

Additionally, the project is implementing a major KYC update to accelerate verification processes and improve Mainnet readiness. The team has integrated AI tools to automate parts of the review process, which has already reduced the manual review backlog by about 50% . This improvement is expected to enhance user experience and accelerate the transition to a fully functional mainnet . On the technical front, the team confirmed the completion of protocol version 25 and set August 11 as the deadline for deploying version 26, urging node operators to upgrade to avoid disconnection . The initiative also includes a distinct launchpad model where committed Pi coins are sent directly into liquidity pools, aiming to prioritize utility over capital raising .

What Are the Primary Risks and Market Drivers for Pi Network?

The primary long-term driver for PI remains its supply structure, which poses a significant risk to price appreciation. Only 11.02 billion of the 100 billion maximum supply is currently in circulation, meaning approximately 89% of tokens remain locked . This creates a persistent dilution overhang, as future unlocks could suppress price appreciation if demand does not keep pace . The recovery is characterized by thin trading volume and a turnover ratio of around 1%, highlighting fragile participation .

Market volatility is influenced by broader macroeconomic factors, including delays in the CLARITY Act vote and ongoing US-Iran tensions . The U.S. Senate Banking Committee is scheduled to review the CLARITY Act, a legislative framework designed to define and regulate digital assets, signaling clearer U.S. crypto regulation. Meanwhile, Bitcoin's dominance tends to squeeze altcoins like PI during periods of BTC strength, affecting overall market sentiment . Market sentiment is also influenced by Bitcoin's dominance, which tends to squeeze altcoins like PI during periods of BTC strength .