🔓 PI Faces Pressure—10M Token Unlock Looms, More Losses Ahead? 📉🪙

Pi Network falls to retest key support, erasing Tuesday's gains.

CEX token balances rise, indicating increasing selling before Monday's 10.8 million PI token release.

The technical forecast shows negative momentum will increase losses.

Pi Network (PI) falls 2% at press time on Thursday, reaching a key support level. As traders book profit ahead of the 10.8 million PI token release, Centralized Exchanges (CEXs) wallet balances increase, signaling selling pressure.

Technical indicators predict more losses that might reach $0.40, the historical low.

CEX wallet balances rise before 10.8 million PI token unlock.
So far on Thursday, PiScan data reveals a net inflow of 704,237 PI tokens on CEX wallet balances, with Gate.io owning almost 194 million of the 401 million. CEX balances rise when traders or the team benefit from selling pressure.

The biggest number of PI tokens in the next 30 days, 10.8 million, will be released next Monday, valued $75.91 million, according to PiScan statistics. A rush in token unlock might boost selling pressure as traders book gains.


In green on the 4-hour price chart, Pi Network maintains above the $0.4371 support floor that formed a consolidation range. PI fails to break above this key support level with a lengthy shadow candle, while the path of least resistance suggests a drop.

A decisive closure below $0.4371 might challenge the July 15 low of $0.4204 or June 13's $0.4000 support.

The Moving Average Convergence Divergence (MACD) slips below zero as red histogram bars thicken, indicating negative momentum.

Still, the 4-hour RSI is 40, suggesting a considerable drop in purchasing pressure. A decrease below 30 indicates overbought PI network circumstances, raising turnaround probability.


PI bulls must recapture the 200-period Exponential Moving Average (EMA) around $0.4950 to extend the rally to $0.5430.

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