The post Pi Coin Price Nears $0.335 Again Amid Unlock Pressure – What’s Next? appeared first on Coinpedia Fintech News
Pi Coin is once again on the back foot, slipping to $0.3635 after a 5.44% daily decline and a 10.68% slide over the week. Its market cap now stands at $2.85 billion, also down 5.43%, while 24-hour trading volume surged to $59.6 million, a jaw-dropping 121% jump indicating active selling. Importantly, Pi breached its all-time low of $0.335 just 12 days ago. And despite brief attempts to rally on the hourly chart, the token lost momentum before reclaiming key resistance levels.
Why is Pi Coin Price Falling?
The primary driver behind this slide is the upcoming unlock of over 167 million PI tokens over the next 30 days, including 9.8M released on August 16. Historically, such unlocks increase circulating supply and trigger sell-offs, especially when liquidity is thin. At current prices, August’s $6.1 million unlock volume risks overwhelming the market.
Successively, centralized exchanges already hold 411M PI, which is about 5% of the supply. With 141M sitting on Bitget, it amplifies concerns about concentrated sell pressure. Adding to the bearish mood is growing community frustration over referral bonuses and delayed KYC processes.
Pi Coin Price Analysis
Pi is trading between $0.3576 and $0.3895 for the day, stuck below its 7-day SMA at $0.389 and 30-day SMA $0.406. The RSI at 43.55 reflects a neutral-to-bearish tone, while the MACD histogram turned negative at -0.0047 on August 17, signaling fading bullish pressure.
On the technical side, Pi failed to hold the 23.6% Fibonacci retracement near $0.475, showing weak buying conviction. Unless bulls push price back above $0.38, Pi risks revisiting its 2025 low of $0.335. A bounce is possible, but with sentiment fragile and traders cautious, rallies may get sold quickly.
On a positive note, Bitget recently launched a Pi Pioneers referral campaign offering up to $150 in PI rewards. For long-term believers, accumulating small amounts during dips could prove valuable if the project delivers on its migration roadmap.
FAQs
Upcoming token unlocks and weak technical momentum are adding sell pressure.
Pi must break back above $0.38 to avoid sliding toward $0.335 support.
The price of 1 Pi coin today is $0.3635 with an intraday loss of 5.44%.