tl; dr
Unlocking more than PI 246 million this month has put pressure on the pressure despite recent short-term price increases. PI trades within the downward channel. A $0.50 breakout could change the current bearish trend. Currently, the exchange, led by PI 376 million, will cut off concerns about a sustained sale.
PI prices are seeing a modest recovery
The PI Network (PI) traded at $0.4755 at press, an increase of 3.08% over the past 24 hours. The seven-day decline in tokens was 5.54%, with a market capitalization of $3.62 billion. The 24-hour trading volume is $78.8 million. PI has fluctuated between $0.4612 and $0.4738 in the past day and between $0.4477 and $0.5053 in the past week.
Despite short-term profits, the broader price trends indicate a long-term downward trend. PI continues to trade within the descending channel, which has been held since its recent peak. Prices are currently recovering from major demand zones of near $0.44-0.47.
In particular, immediate resistance is close to $0.50. If the PI breaks this zone, it may test a high level of around $0.5486 and a $0.6506.
However, the stochastic RSI is currently above 90, indicating an excess. This could suggest short-term pullback or price integration before being extended.
Maintaining support beyond the $0.44 demand zone is important for bullish continuity. Traders are monitoring a sustained close to over $0.50 to see a reversal of potential trends.
Exchange activities and unlocking tokens raise concerns
Crypto analyst Moon Jeff noted that 376 million PIs are currently being held on the exchange, with Gate.io holding 177 million PIs in its deposit wallet.
“All of these coins come from pioneers who are putting on sales pressure,” he said. “If this stops, the PI will easily pump to $1.”
There is currently a $376 million exchange.
Gateio leads a $177 million PI in its deposit wallet.
All of these coins come from pioneers who are bringing sales pressure. .
If this stops, the $PI is easily pumped to $1. . #pinetwork pic.twitter.com/5ogrt8rcoy– Moon Jeff (@cryptoad00) July 10, 2025
Pi Network supply continues to increase, with 246 million PIs set to unlock for the next 30 days, including 16.4 million on July 10th.
As reported by Cryptopotato, tokens have fallen by nearly 70% over the past two months. This continuous release creates consistent sales pressure and allows more holders to come into play. Without a change in pace or demand, price recovery remains limited.
376,000,000 PI Hit Exchange: Is the sale of PI Netowrk inevitable? It first appeared in Cryptopotato.
