At the time of writing, Pi Network (PI) is trading at $0.7504, reflecting a modest 0.2% gain in the past 24 hours. Over the last week, the token has moved within a narrow range of $0.7406 to $0.8586 and remains significantly below its February high of $2.99 — a drop of approximately 74%.
Despite the recent sideways movement in price, trading activity has picked up. Daily trading volume has climbed to over $145 million, a 16.2% increase from the previous day. This suggests cautious optimism and growing interest from traders.
However, attention is now turning toward a series of upcoming token unlocks that could impact price dynamics. According to data from Pi Scan, 10 million PI tokens were unlocked on May 26, followed by an additional 12 million on May 27. The largest unlock in the current 30-day schedule is expected on May 28, when 15 million tokens are set to be released into circulation. This upcoming event has heightened concerns about potential selling pressure in the market.
Looking ahead, Pi Network is set to release a significant number of tokens over the coming months — with 263 million scheduled for June, 233 million in July, and another 132 million in August. On-chain activity shows an increasing number of holders transferring their tokens to centralized exchanges, hinting at the possibility of heightened selling pressure as the circulating supply continues to grow.
Despite these short-term concerns, Pi Network is focused on long-term development. The project recently introduced the Pi Network Ventures fund, a $100 million initiative aimed at backing startups in sectors like artificial intelligence, gaming, financial technology, and e-commerce. By supporting real-world applications for the PI token, the network hopes to boost utility and encourage broader adoption. If decentralized applications built within the ecosystem gain traction, it could potentially reignite investor interest and stabilize market momentum.
From a technical perspective, Pi Network is currently trading within a tight Bollinger Band range, with the lower band set at $0.53 and the upper band at $1.15. The price sits near the mid-point of this range, suggesting reduced volatility and a tightly coiled setup — often a precursor to a significant price move in either direction.
Momentum indicators remain largely neutral. The Relative Strength Index (RSI) of 48.36 indicates trader indecision. Meanwhile, the Stochastic RSI has dropped to 18.16, signaling that the token may be oversold in the short term. The MACD (Moving Average Convergence Divergence) also indicates bearish sentiment, having crossed below its signal line at 0.0047.
Short- to medium-term moving averages remain above the current price and continue to act as resistance levels. A surge in buying volume, particularly if PI breaks past the $0.85 resistance level, could open the door to further gains — with targets at $1.00 and potentially $1.15, aligning with the upper Bollinger Band.
On the downside, if the token fails to maintain support around the $0.74–$0.75 zone, it could slip back toward the psychological support at $0.70. Continued selling pressure might push it even lower, with potential downside targets at $0.65 or as far as the $0.53 lower Bollinger Band.
