Is Pi Network’s PI Token About to Explode? 2 Key Signs Point to a Trend Reversal

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Hold Onto Your Hats: Is Pi Network’s Token Ready to Soar? 🚀

In a Nutshell

  • Since its grand debut, the Pi Network’s PI token has stirred up more chatter than a cat in a room full of rocking chairs, but alas, its price has taken a nosedive after some dizzying heights.
  • Yet, there are whispers in the wind—certain tokenomics and technical mumbo jumbo suggest a price reversal might be just around the corner.

Well, folks, the colossal Pi Network community finally got its hands on the shiny new Open Network and its native token on February 20, after what felt like a lifetime of waiting. The asset danced around like a chicken on a hot plate in its early trading days, plummeting from $1.8 to $0.7, then soaring to an all-time high of $3. Quite the rollercoaster, wouldn’t you say?

But hold your horses! Since that wild ride, progress has hit the brakes, and PI is now down over 30% in just a week. Once strutting its stuff near the top 10 cryptocurrencies, it’s now lounging at the 26th spot, having lost a hefty chunk of its pride.

As the gossip mill churns, it seems certain partnerships might just give this token the kick in the pants it needs for a price reversal. But wait, there’s more! Other bullish signs are popping up like daisies in spring.

A channel dedicated to Pi Network in Vietnam has suggested that this price tumble could be linked to a mountain of unlocked PI tokens flooding the market in its first month. But fear not! The team assures us that the supply is dwindling, dropping from 7.2 billion to a mere 6.7 billion.

They also mentioned that the actual circulating supply is about 1.7 billion, as many Pi Network users are still stuck in the verification limbo, leaving their 5 billion PI tokens locked up tighter than a drum.

According to the team, the number of unlocked PI tokens is set to drop significantly next month, from 13 million per day to a paltry 3.8 million. If that comes to pass and fewer coins are unleashed upon the world, we might just see the asset’s price start to recover—especially if demand stays as high as a kite.

On a separate note, a well-known analyst on X has pointed out that the PI/USDT pair has been trapped in a falling channel, facing repeated rejections at the upper trendline while finding sturdy support at the lower edge. He believes that a breakout from this downward spiral, with some serious momentum, could flip the script.

Moreover, a previous resistance has been reclaimed and transformed into a support line, which adds a sprinkle of bullish sentiment and could send the price soaring to $2 before you can say “Jack Robinson.”

#PI Analysis: The PI/USDT pair has been confined within a falling channel, facing repeated rejections at the upper trendline while finding strong support at the lower edge. Recent price action indicated a breakout from this descending channel with notable momentum, hinting at a…

— Andrew Griffiths (@AndrewGriUK) March 22, 2025

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2025-03-23 10:12