Pi Network Shows Signs of Reversal as Exchange Flows Drop 45%

Pi Network has managed to hold key support zones and avoid a breakdown, despite appearing weak last week. Several quiet but strong signals now point toward a possible reversal, particularly in exchange flows and whale activity.

In the past week, Pi Network’s net inflows on centralized exchanges have dropped sharply. Major platforms are now experiencing more outflows than inflows, indicating that fewer people are sending their PI tokens to exchanges to sell. This trend often signals that holders are waiting for higher prices, marking the beginning of a calmer or stronger phase for the market.

One of the biggest concerns for any crypto asset is the number of tokens about to hit the market. In Pi Coin’s case, over 1.24 billion PI are scheduled to unlock in the next 12 months. However, the monthly unlock amount has started dropping, with the peak unlock in late 2027 being 432 million. Now, it’s averaging just 45.9 million per month. This means that the token’s selling pressure is expected to be spread more evenly, with less shock impact each month. Combined with the lower net inflows on exchanges, this unlock pattern feels more manageable for the market to absorb, potentially leading to the Pi Network’s price resurgence.

On-chain activity has also grabbed attention, with a large wallet accumulating more than 330 million PI, worth around $149 million. This wallet hasn’t moved these tokens to any exchange yet, indicating that this whale is still holding tight. In crypto, when big players buy heavily and don’t sell right away, it often signals they know or expect something big. It doesn’t confirm a rally, but it does hint that confidence is growing. Some in the community are linking this to rumors of a future exchange listing, which would add even more fuel to the price narrative. For now, the whale activity alone shows strong support at the current price range.

Pi Network traded around $0.447, having bounced multiple times off the $0.42–$0.44 support zone. This shows that buyers are stepping in at those levels, keeping the market from dropping further. If Pi coin manages to push above $0.50, momentum could shift fast. The next targets lie at $0.57 and $0.66: both areas where earlier rallies stalled. If those break, a move toward $0.81 is possible. This would mark a 50% gain from the current price. While PI’s price is making lower lows, the RSI is making higher lows, a setup known as bullish divergence. This pattern often appears before a reversal, signaling that momentum is quietly shifting in favor of buyers. However, traders should also watch the downside. If Pi closes below $0.40, the setup could weaken fast. That’s the invalidation zone, the point where bulls may back off and sellers could take control again.

The signs are all adding up. Net exchange flows are down. Unlocks are slowing. A whale has parked $149 million worth of PI with no intention to sell (yet). While prices haven’t broken out, the stage looks set. If Pi Coin clears the $0.50 hurdle with strong volume, a 50% rally might not be far behind.