July 2025 is witnessing a strong recovery wave in the altcoin market, with an average increase of over 20% across many digital currencies. However, Pi Network (PI) seems to be on the sidelines. While a series of altcoins are breaking out, PI continues to trade around the $0.46 range, causing concern among many investors but also sparking curiosity among analysts.
Selling pressure from large reserves on the exchange
One of the main reasons Pi cannot keep up with the market's upward momentum is the increasing volume of tokens being held on centralized exchanges (CEX). According to the latest data, the PI reserves have increased from 370 million to over 384 million tokens in just one week — equivalent to an increase of nearly 4%.
The sudden increase in supply on exchanges could create potential selling pressure, undermining the upward momentum, even in a market currently in a state of 'greed' and optimism. However, it is noteworthy that despite being 'undervalued', Pi has not dropped sharply. On the contrary, the price remains stable — this leads many analysts to believe that there is quiet buying pressure accumulating at the current price level.
Accumulation zone $0.40–$0.50: Preparing for a strong bounce?
Analyst Moon Jeff notes that Pi is currently in the important accumulation zone from $0.40 to $0.50. This is seen as an area where patient investors are accumulating before a potential price increase.
“From this area, I expect the price to move towards a reasonable level of $1. This is the time to buy,” Moon Jeff shared on social media.
Technically, accumulation zones often appear before strong 'breakouts', especially when the general market sentiment shifts from fear to greed — as is happening this month. The tug-of-war between short-term sellers and long-term investors could be the precursor to a significant price increase.
The unique community of Pi – A double-edged sword
Pi Network is different from traditional crypto projects. The 'Pioneers' community of Pi is primarily built through social media referral invitations, attracting millions of users who have never had experience investing in cryptocurrencies.
Therefore, while other altcoins benefit from the inflow of professional investors during 'altcoin season', Pi has been overlooked. Capital is flowing into DeFi tokens, memecoins, and Web3 infrastructure, causing Pi to enter a state of 'hibernation'.
Additionally, the skepticism from long-time crypto enthusiasts about Pi's complex development model and launch roadmap has left 'outsider' money less interested in this project.
There are still positive signs quietly emerging
Although there hasn’t been a significant price increase, some on-chain observers believe that Pi is still quietly moving in rhythm with the market. Analyst Dao World commented
“The price of Pi still tends to move in sync with altcoins. Market makers are still adjusting prices. Be patient and wait.”
Upcoming scenario: Hold or sell?
Currently, Pi is maintaining important support at $0.4452. If this level is breached, the price could fall to $0.40. Conversely, if the accumulation continues to be strong, it is likely that Pi will recover to the $0.49 range — even heading towards the $1 mark in the near future.
However, every scenario depends on three core factors:
The movement of token reserves on CEX exchanges
The accumulation rate of long-term investors
The general sentiment and trend of the altcoin market
Conclusion: A gamble waiting for the right time
Pi Network currently stands as a dark horse outside the race, uncertain whether to break out or falter. For patient investors, this may be an opportunity to accumulate before the 'big wave' arrives. However, for those expecting quick profits, staying out of the PI market at this moment is also a consideration worth pondering.
