Pi Network’s native token Pi Coin has shown a slight uptick of over 1.5% to $0.62, navigating its way through huge token unlocks and mixed technical signals. The uptick has come amid a cautious trading environment, as Pi Network token struggles to break the key resistance levels and fights bearish pressure from the current token unlocks.
At press time, the price of the token stands at $0.6235 with an uptick of 1.9% in the last 24 hours as per CoinGecko.
Key Drivers Behind the Movement
The main reasons due to which there has been price movement includes:
Token Unlocks: More than 2.8 million Pi tokens have entered the circulation recently and as a part of broader schedule, around 108.9 million Pi tokens will be unlocked this month and 1.56 billion within the next year. While these token unlocks risk dilution, some investors see them as signs of project maturity.
Banxa’s $19M Integration: Banxa recently put its bet on Pi’s payment infrastructure that has fueled optimism. This integration has allowed an easier way to purchase Pi tokens (smoother fiat-to-crypto conversions) and support real-world adoption.
Real-World Adoption: Businesses in South Korea (recently adoption at skin care and cosmetic shops) and Florida (Zito Reality) have accepted Pi token as a mode of payment which has increased its utility narrative.
Technical Analysis of Pi Network
Pi Network token is currently facing a resistance at $0.64 and a support at $0.59. The RSI is also hovering near an oversold territory (27.87), hinting at potential short-term recovery, but since there is a weak buying volume, risk persists. MACD indicators are also signalling a mixed momentum, reflecting trader uncertainty.
Market Sentiment
According to various projections, analysts remain divided:
Bull Case: Mainnet launch and exchange listings (Binance/Coinbase) could boost PI toward $1.80-$2 by late 2025.
Bear Case: If there is a failure to hold $0.59, it may trigger a 25% drop, exacerbated by monthly token unlocks.
Pi Fest Success
In recent development, the network also hosted a Pi Fest, where over 125,000 registered sellers participated in PiFest 2025, with transactions spanning 160+ countries. In the fest, merchants used Map of Pi to list businesses with which Pioneers to pay via Pi wallet QR codes on Mainnet. The show even showcased real-world utility that drove adoption and supported price uptick.
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