Pi coin has faced the brunt of the massive token unlocks, which led to the PI price hitting an all-time low of $0.341, just a couple of hours ago. Over 19 million PI were released into circulation on August 1, accelerating the downward spiral. It is worth noting that previous unlocks like the 8 million token event in May 2025 caused similar 30% drawdowns.
With the price down 13.75% in the last 24 hours and over 20% in a week, investors are worried about a further downside. The sell-off cascade led to the volume spiking by 82.79% to $157.65 million. If you hold some Pi or are planning on stacking some at the dip, this Pi price analysis is a must-read for you.
Pi Network Price Analysis:
Technically speaking, Pi price has breached key support zones. The breakdown below the Fibonacci 78.6% retracement at $0.389 opened the doors to $0.35, now hovering at $0.3491. Talking about indicators, the RSI stands at 26.02, which is the most oversold point since June.
Moreover, Pi remains isolated from broader crypto trends. With the Altcoin Season Index at 36, Bitcoin dominance is increasing, leaving altcoins like Pi behind. Pi’s 30-day correlation with Bitcoin sits at -0.27, showing it’s not following the broader market’s lead. That being said, a lack of Tier-1 listings such as Binance and Coinbase further limits liquidity and institutional entry.
Looking forward, if the $0.32 support fails, Pi could fall into panic selling. On the upside, reduced daily unlocks in September (projected at 5.3M/day) may ease pressure and allow the market to digest current supply.
Coming to the price targets, if Pi coin manages to reclaim the $0.4022 resistance level. Bulls will have significant control, and help moonshot the price to $0.52 in the short to mid-term. That being said, in such a case PI price could head to $0.64 next.
FAQs
A massive token unlock of 72M this week flooded the market, triggering a sharp selloff.
Yes, with an RSI of 26.02, Pi is at its most oversold level since June 2025.
$0.32 is a crucial support. A break below may lead to panic selling toward $0.30 or lower.
