Pi's Secret Weapon: Accumulation Rises as Unlock Looms

Pi Network’s native cryptocurrency, Pi (PI), is at a pivotal juncture as technical indicators suggest potential upward momentum, though this faces headwinds from a significant token unlock scheduled for September. Over 106 million PI tokens are set to be released, creating selling pressure that could suppress price gains. Simultaneously, early signs of accumulation—evident through bullish divergence in the Chaikin Money Flow (CMF) indicator—indicate that investors are building positions despite the sideways price movement. The CMF, a volume-weighted money flow metric, has risen as prices remain flat, signaling underlying demand that has yet to manifest in price appreciation [1].

The token is also approaching its 20-day exponential moving average (EMA), a key resistance level. Breaking above this threshold could signal a shift in market sentiment from neutral to positive, driven by increased buying interest and momentum [1]. Technical analysts note that the 20-day EMA gives greater weight to recent price data, making it particularly useful for identifying short-term trend shifts in cryptocurrency markets [1].

However, the scheduled token unlock poses a significant challenge. Token unlocks typically create selling pressure as previously restricted tokens become tradable. The timing of this event coincides with Pi’s technical setup for a potential breakout, creating conflicting forces that will shape the token’s near-term trajectory. Current trading conditions show muted volume and sideways action, raising questions about the ability of buyers to offset the increased supply [1]. If demand fails to strengthen, the token unlock could prevent upward momentum and potentially drive prices lower [1].

Market analysts have outlined two primary scenarios for Pi’s performance in September. A strong absorption of the 106 million token release could drive prices toward the $0.40 resistance level. Conversely, insufficient demand could result in continued sideways movement or a decline, with potential downside risks reaching Pi’s all-time low of $0.32 [1]. The token’s performance will depend heavily on broader market conditions and investor sentiment toward the Pi Network ecosystem. Despite near-term supply concerns, sustained accumulation patterns suggest some market participants remain optimistic about Pi’s longer-term prospects.

Security concerns have also emerged as a key issue for the Pi Network. In a recent update, the Pi Core Team flagged a scam wallet suspected of siphoning unlocked tokens and redistributing them into hundreds of smaller wallets. The incident underscores the risks users face in decentralized ecosystems, particularly as the network edges closer to a major migration milestone. With 60 million total users, only 16 million wallets have been successfully migrated, leaving the rest in a pending state until migration completes [2].

To address these threats, the Pi Core Team has accelerated the rollout of security features, including PassKeys, which enable device-level authentication through biometrics or PIN codes. These upgrades aim to curb phishing attacks and password theft. Additionally, the Safety Center—a hub for verified updates, educational materials, and scam reporting—has been expanded to provide users with essential tools to defend against fraudulent activity [2]. These measures are critical for maintaining trust, especially as the network’s token migration progresses and more tokens become accessible.

The potential for a price rally has also sparked discussions around Pi’s future. Some analysts highlight the possibility of an Adam and Eve base forming on Pi’s price chart, a bullish pattern that could indicate a significant upward move. If confirmed, this could set the stage for a breakout toward $1.20, a level that would represent a 250% increase from current prices [3]. However, this scenario hinges on Pi clearing key resistance levels at $0.49 and $0.69, which have previously stalled rallies [3]. Without a decisive break above these levels, the token may remain range-bound for an extended period.

Pi Network’s broader ecosystem developments are also expected to influence its price outlook. The project is embedding KYC verification directly into its protocol layer, aiming to create a blockchain where compliance and decentralization coexist. Over 14.8 million users have already completed KYC verification, out of a user base that exceeds 60 million [3]. These developments, coupled with recent security enhancements, are designed to strengthen the network’s foundation and support its long-term adoption.

The upcoming Token2049 conference in Singapore has also generated optimism. Dr. Chengdiao Fan, co-founder of Pi Network, is confirmed to speak at the event, with Pi Network serving as a Gold Sponsor. The conference, one of the largest in the crypto space, offers a platform for Pi to showcase its roadmap and vision for real-world utility. Community members have expressed hope that this increased visibility could translate into short-term price gains, mirroring past patterns observed during similar high-profile events [6].

In summary, Pi Network’s native token is navigating a complex period marked by technical indicators suggesting potential upside, the looming threat of increased supply from token unlocks, and evolving security and ecosystem developments. The coming weeks will be critical in determining whether Pi can break out of its current consolidation phase or face renewed downward pressure. Investors and traders will be closely watching for signs of sustained demand, regulatory clarity, and progress in Pi’s migration and utility roadmap to gauge the token’s future trajectory.

Source:

[1] PI Token Shows Accumulation Patterns as September Unlock Threatens Rally (https://yellow.com/news/pi-token-shows-accumulation-patterns-as-september-unlock-threatens-rally)

[2] Pi Network Flags Scam Wallet Amid $346M Token Risks as 60M Users Await Unlock (https://www.cryptoninjas.net/news/pi-network-flags-scam-wallet-amid-346m-token-risks-as-60m-users-await-unlock)

[3] Pi Coin Price Prediction: Bulls Eye $1.20 Amid Protocol Upgrade Gains Momentum (https://coingape.com/markets/pi-coin-price-forecast-bulls-eye-1-20-as-protocol-upgrade-gains-momentum/)

[4] Pi Network (PI) Price Prediction 2025, 2026-2030 (https://coincodex.com/crypto/pinetwork/price-prediction/)

[5] Pi Coin Price Update: Sideways Action May Explode Into Huge Rally (https://coindoo.com/market/pi-coin-price-update-sideways-action-may-explode-into-huge-rally/)

[6] Will Pi Network's TOKEN2049 Spotlight Trigger a Price Surge? (https://beincrypto.com/pi-network-token2049-dr-fan-price-speculation/)