Pi Network's Price Plunge: Bearish Indicators and Token Flood Outpace Strategic Upgrades

The price of Pi Network (PI) has declined by 10% over the past week, nearing a potential new all-time low of $0.18, driven by bearish technical patterns and increased selling pressure. On the 4-hour chart, the token remains trapped in a descending triangle, a continuation pattern indicating further downside risks Pi Network (PI) Price Drops 10% as Crypto Market Pullback …^[1]. The Bull Bear Power (BBP) indicator shows deep negative territory, confirming sustained bearish dominance, while the Holders Sentiment Index has plummeted to -10.28, reflecting eroding market confidence Pi Network (PI) Price Drops 10% as Crypto Market Pullback …^[1].

A critical factor exacerbating the decline is the ongoing token unlocks, with 300 million PI tokens set to be released in July 2025 alone. This surge in supply has outpaced weak demand, with daily trading volumes averaging below $30 million. The influx of newly unlocked tokens has historically correlated with price drops, as seen in a 25% decline in July 2025 following the release of 337 million tokens Pi Network Price Faces Bearish Pressure Despite AI …^[3]. By October 2025, an additional 139 million tokens will enter circulation, raising concerns about liquidity and price stability 139 Million Pi Tokens Set for Release: A Critical Moment for Value ...^[6].

Weak on-chain activity and limited exchange listings further pressure the token. PI is currently listed on OKX, Bitget, and MEXC but remains absent from major platforms like Binance and Coinbase. This lack of institutional exposure limits liquidity and global adoption, compounding downward momentum Pi Network price prediction: Here's why the Pi token has crashed^[5]. Additionally, the token's price has fallen below key support levels, including the Ichimoku Cloud and the 50-day EMA, reinforcing the bearish bias Pi Network Price Risky Pattern Points to Crash as 14M …^[2].

Despite the challenges, Pi Network is implementing strategic upgrades to rebuild momentum. The upcoming Protocol 23 upgrade, expected in late Q4 2025, aims to enhance scalability and introduce DeFi tools such as a decentralized exchange (DEX) and automated market maker (AMM). These features are intended to drive utility and adoption, though analysts caution that technical improvements alone may not resolve liquidity issues without complementary measures like token buybacks Pi Network Mainnet Update: Pi Coin Price Prediction …^[4].

The Pi Hackathon 2025, concluding in October, has also emerged as a potential catalyst for ecosystem growth. Over 2,100 developers are building decentralized applications (dApps) across payments, social media, and NFTs, signaling efforts to establish real-world utility Pi Hackathon 2025 | Pi Network^[9]. However, the success of these initiatives remains unproven, with current dApp adoption lagging behind established ecosystems like Ethereum Pi Network price prediction: Here's why the Pi token has crashed^[5].

Market analysts project a short-term price range of $0.20 to $0.30 for PI in Q4 2025, contingent on the success of Protocol 23 and increased demand Pi Network News: Full List of Events in Q4 To Drive Pi Price Higher^[10]. A decisive break above $0.28 could trigger a recovery toward $0.30, while sustained weakness below $0.25 may push the price toward $0.18 This Changes Everything For Pi Crypto: Updated Pi Price …^[8]. The Relative Strength Index (RSI) at 24 indicates oversold conditions, offering a glimmer of hope for a rebound, but this requires sustained buying pressure and reduced selling Pi Network Mainnet Update: Pi Coin Price Prediction …^[4].

In summary, Pi Network faces significant headwinds from token supply dynamics and weak demand, but its strategic upgrades and community-driven initiatives could mitigate further losses. Investors are advised to monitor the impact of Protocol 23 and the hackathon on ecosystem utility, as these factors will determine whether PI can stabilize its price or face deeper declines in the coming months.