Pi Network Price Struggles Below $0.17 as Selling Pressure Mounts. Source: Image by Praveen Raj from Pixabay
Pi Network's native token continues to face significant headwinds, slipping below the $0.17 mark amid persistent selling pressure and weak trader sentiment. While the broader cryptocurrency market has gained approximately 1.37% in the past 24 hours — pushing total market capitalization to $2.46 trillion — Pi coin remains a notable outlier, declining roughly 5% over the past week and shedding nearly 30% over the last month.
Major digital assets have benefited from renewed investor optimism fueled by regulatory clarity and favorable policy signals. Bitcoin climbed past $72,700, Ethereum broke above $2,200, and XRP surged to $1.34 on improving liquidity. Pi Network, however, has failed to mirror this recovery, weighed down by a combination of on-chain activity and technical weakness.
A key contributor to the recent decline is the resumption of token migration. After a one-week pause, approximately 30 million Pi coins were transferred from an intermediary wallet to mapped addresses, signaling a restart of secondary account migrations. Large individual transactions exceeding 10,000 Pi coins have also been recorded, adding further volatility to an already fragile market.
Supply-side pressure compounds the challenge. Nearly 8 million Pi tokens unlock daily, with over 233 million expected to enter circulation within the next month. This consistent token release continues to overwhelm buyer demand, keeping upward price movement in check. Trading volume has also softened, falling around 5% to approximately $12.22 million in 24 hours — a signal that market participation remains limited.
From a technical standpoint, Pi coin trades around $0.1675, sitting beneath key resistance levels at $0.17 and $0.20. The MACD shows a mild bearish crossover, while the RSI hovers near 43, reflecting neutral-to-bearish momentum. Immediate support sits at $0.16, and a breakdown could expose the $0.15 level next. For any recovery, bulls need to reclaim and hold above the $0.17 resistance zone.