Share the article:
Pi Network struggles with growing investment influx on CEX index
Article content
Summary
Pi price dropped 24% in 0,54 hours due to token unlocking, weak technicals, and bearish market conditions.
1. Unlocking tokens (more than 100 million PI released between July 8 and 15) increased selling pressure
2. Technical reflection at resistance at $0,515 with overbought RSI indicator (38,66)
3. Altcoins underperform as Bitcoin dominance grows to 63,7%
More detailed analysis
1. Root Cause: Unlocking Tokens
- Between July 8th and 15th, over 100 million PI tokens (1,5% of total supply) (Cryptotimes), which was related to:
- 24-hour trading volume of $69,8 million (down 46,79% from the previous day)
- Increased inflows to the stock exchanges, signaling profit taking
- Price range 0,46 – 0,47 USD, which corresponds to the areas with the lowest liquidity in July
2. Technical view
- Repeated refusal to resist 0,515 USD from March 2025
- Value RSI 38,66 indicates weak buying pressure
- MACD below zero confirms the bearish trend
- Immediate support is top notch 0,447 USD (lowest price from June 2025)
Conclusion
The decline in Pi price reflects supply shocks caused by token unlocking, technical weakness, and capital movement towards Bitcoin. While overbought indicators may trigger a short-term rebound, a sustained recovery depends on progress in KYC implementation and mainnet launch.
What factor could reverse the bearish trend of Pi? ...
Related content…
You might also like:
- Free shares worth up to €100 on Trading 212
- Pi Network and “$314,159 Value”: The Biggest Hoax in the Project’s History
- Where to watch, listen and read PiBazar.eu externally
- Technical Evolution of Pi Network - RPC Server and Smart Contracts
- Exchanges with Pi Network – List Confirmed
- Pi Network hackathon winner hints at Coinbase entry amid Pi's move to open source
- Online: Analysis of Pi balances on exchanges and KYC funds Pi Network
- Pi Network's Collaboration with BNP Paribas: Will PI Test $1?