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crypto.news 2025-05-28 04:01:40

Pi Network trapped in a narrow range as largest unlock of the month looms

Pi Network continues to trade sideways as market participants brace for a massive token unlock that could introduce new selling pressure. Pi Coin ( PI ) is trading at $0.7504 at press time, up just 0.2% over the last day. In the past seven days, the token has fluctuated between $0.7406 and $0.8586, and it is still 74% below its peak of $2.99 in February. Despite recent price stagnation, trading volume has increased. Over the past 24 hours, Pi Network has recorded over $145 million in volume, up 16.2% from the previous day, indicating renewed but cautious interest among market participants. Yet the focus remains on a wave of upcoming token unlocks. On May 26, 10 million PI were released, followed by 12 million on May 27, as per Pi Scan data . The largest near-term unlock is set for May 28, when 15 million tokens will enter circulation, marking the biggest single-day release in the current 30-day window. You might also like: Pi Network price could miss out on the crypto bull run as insiders sell Looking ahead, another 263 million tokens will be unlocked in June, 233 million in July, and 132 million in August. On-chain data indicates that more holders are moving their tokens to centralized exchanges, which raises the possibility of more sell-side pressure at a time when unlocks seem to be increasing supply. Still, Pi Network is attempting to build long-term value. The recently launched $100 million Pi Network Ventures fund is designed to support AI, gaming, fintech, and e-commerce startups, creating potential real-world use cases for the token. Successful decentralized application launches and broader adoption could help revive buying interest over time. From a technical standpoint, Pi is trading in a narrow Bollinger Band range, with the lower band at $0.53 and the upper band at $1.15. Although the direction is still unknown, the price’s mid-range position suggests low volatility and a coiled setup, which frequently precedes a breakout. PI price analysis. Credit: crypto.news Momentum indicators are largely neutral. The relative strength index, which is at 48.36, indicates a lack of clear direction, while the stochastic RSI, which is at 18.16, indicates short-term oversold conditions. The MACD has shown bearish momentum by crossing below its signal line at 0.0047. The majority of short- and medium-term moving averages are above the current price and continue to act as resistance. Strong volume and a breakout above $0.85 might pave the way for a move to $1.00 and possibly $1.15. In a bearish scenario, if the $0.74–$0.75 range is not held, Pi may return to the psychological level of $0.70, with additional risk reaching $0.65 or even the lower Bollinger Band at $0.53. If there is consistent selling pressure, the massive supply overhang from impending unlocks could accelerate this decline. Read more: Interview | Inside Pi Network’s $100m fund for real-world utility

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