pi

Pi Network continues to struggle as bearish momentum strengthens, with PI trading near the $0.2200 region and firmly below the 50 day Exponential Moving Average. Market signals indicate that supply pressure on centralized exchanges is rising, fueled by accelerating mainnet migration and increasing KYC approvals. With technical indicators pointing to continued downside, the path of least resistance for Pi Network remains firmly bearish, targeting the $0.1919 support level.
A noticeable spike in PI token inflows to centralized exchanges highlights growing selling pressure. PiScan data shows that in the past 24 hours alone, 177,867 PI tokens were deposited into CEX wallets, lifting the total exchange balance to 437.88 million. This steady increase suggests that more holders may be positioning themselves to offload tokens as price weakness persists.
A major driver behind these deposits is the rapid migration from testnet to mainnet. With 17.5 million users completing KYC verification, token movements are accelerating. Pi Network reports that integrating AI into the KYC process has reduced approval wait times by nearly 50 percent, contributing to faster token unlocks. PiScan data further reveals that more than 6.42 million PI tokens have been transferred to mainnet so far in December.
Q1: Why is the rise in exchange reserves such a strong bearish signal for PI
Exchange inflows typically represent tokens that investors may be preparing to sell.
Answer:
When large quantities of tokens move from private wallets to centralized exchanges, it often indicates that holders want liquidity. Given the ongoing decline in PI price and the absence of strong demand drivers, this rising exchange supply increases downward pressure. Unless new utility or adoption catalysts appear, the growing pool of sellable tokens may continue dragging prices lower.
If Pi Network cannot create meaningful real world use cases or boost confidence among its growing user base, the current selling pressure could intensify. Investors may lose patience if utility does not materialize quickly enough to absorb the inflow of newly migrated tokens.
Technically, the PI token remains vulnerable. After a nearly 2 percent drop on Sunday, the price continues to hover near the $0.2200 zone. The October 11 low at $0.1919 stands as the next critical support. A breach of this level could expose Pi Network to deeper losses toward the record low of $0.1533 from October 10.
Q2: What do the current indicators reveal about PI’s price direction
Both momentum and trend indicators point toward increasing bearish strength.
Answer:
The daily Relative Strength Index sits at 43 and is trending downward, signaling weakening momentum and potential for further selling. Meanwhile, the MACD remains in a firm sell position as both the MACD line and signal line stay below zero. This combination typically confirms ongoing downward pressure and lack of strong buyer interest.
The technical structure shows little evidence of a reversal. Staying below the 50 day EMA continues to reinforce the bearish thesis, as this moving average has repeatedly acted as dynamic resistance throughout the decline. Unless price reclaims this level with conviction, bulls will remain on the defensive.
This environment raises another important question for traders.
Q3: What must Pi Network do to prevent deeper price losses
PI’s survival depends on more than technical factors.
Answer:
Pi Network must generate real demand for the token through meaningful ecosystem utility. Without concrete use cases, increasing token supply will continue to outweigh demand. Strengthening investor confidence requires new applications, partnerships, or transactional utility on mainnet. Without these catalysts, the market may continue pricing in further downside.
For now, Pi Network remains at risk of extending its decline. Exchange inflows are rising, mainnet migration is accelerating, and technical indicators point clearly downward. If PI loses $0.1919, a drop to $0.1533 becomes more likely, marking a fresh low in the project’s publicly traded history. Until demand improves or bullish catalysts emerge, sellers remain firmly in control.

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