PI Faces Selling Pressure as Price Weakens & Unlocks Loom

• Pi stays bearish below key EMAs as sellers defend the $0.22–$0.23 resistance zone
• Upcoming Pi token unlocks may intensify selling pressure during an already weak trend
• Network upgrade maintenance adds short-term friction, but security improvements ahead

Pi Network’s token continues to face selling pressure as technical weakness aligns with near-term supply expansion and ongoing network maintenance. On the four-hour chart, Pi remains locked in a clear bearish structure, reflecting cautious sentiment among traders. 

Bearish Structure Dominates the 4H Chart

Pi price action shows a consistent pattern of lower highs and lower lows on the four-hour timeframe. After rejection near the $0.28 to $0.27 supply area, sellers took control and pushed price into a steady decline. Consequently, momentum weakened further once Pi lost the $0.22 to $0.21 support band.

Price now trades below the 50, 100, and 200 exponential moving averages, which align bearishly. The 200 EMA around $0.227 to $0.230 has flipped into a strong resistance zone. Each recovery attempt toward this level has attracted fresh selling. Additionally, the Supertrend indicator remains red, confirming continued downside control.

Immediate support sits near $0.204 to $0.200, where buyers attempt to slow the decline. However, a loss of this range risks a move toward $0.193 to $0.190. Analysts view that area as critical, since a break could accelerate selling pressure. On the upside, resistance remains firm near $0.213 to $0.216, followed by stronger barriers at $0.227 to $0.230.

Token Unlocks Add Supply-Side Pressure

Besides technical weakness, supply dynamics also influence Pi’s outlook. Data shows roughly 4.95 billion Pi remains locked, valued near $1.01 billion. Over the next 30 days, about 165.93 million Pi will unlock, representing 3.35% of locked supply.

Daily unlocks average around 5.53 million Pi, worth approximately $1.13 million. Significantly, the largest single unlock arrives on December 25, releasing about 8.49 million Pi. Traders often monitor such events closely, since additional circulating supply can pressure price during weak trends.

Network Upgrade Brings Short-Term Disruptions

Moreover, Pi Network is advancing with a protocol upgrade as Testnet2 moves toward version 23. Wallet maintenance has already started, prompting temporary pauses and alerts across the ecosystem. Consequently, some platforms suspended Pi-related operations during the process.

Community updates indicate the team expected these disruptions as part of routine development. The upgrade aims to improve security and network performance. Exchanges plan to resume withdrawals once maintenance concludes, with recovery expected later today.

Technical Outlook for Pi Network Price

Key levels remain clearly defined as Pi Network trades within a sustained bearish structure on the 4-hour chart. Price action continues to respect lower highs, while sellers defend overhead resistance zones aggressively.

Upside levels: Immediate resistance sits at $0.213–$0.216, where prior breakdowns occurred. A stronger recovery attempt would need to reclaim the $0.227–$0.230 zone, aligned with the 200 EMA. A decisive break above this level could open room toward $0.25, followed by the broader rejection range near $0.27.

Downside levels: Near-term support rests at $0.204–$0.200. A failure to hold this band exposes the critical downside zone between $0.193 and $0.190. Below that area, downside pressure may accelerate as liquidity thins.

Resistance ceiling: The $0.227–$0.230 region remains the key level to flip for any medium-term trend shift. Until price regains this area, bearish momentum stays intact.

The technical picture suggests Pi Network is consolidating near cycle lows after a sharp rejection from the $0.27 supply zone. Price remains compressed beneath declining moving averages, indicating rallies continue to attract selling interest rather than sustained demand.

Will Pi Network Price Recover?

Pi Network’s near-term outlook depends on whether buyers can defend the $0.200 support area while absorbing ongoing token unlocks. Holding above this zone could allow for short-term stabilization and range trading toward $0.216. However, failure to maintain support risks a breakdown toward $0.193 and lower.

Consequently, any upside attempts below the 200 EMA appear corrective rather than trend-changing. For now, Pi remains in a vulnerable zone where technical pressure, supply unlocks, and cautious sentiment shape price behavior. A clear reclaim of $0.23 would be required to shift momentum and rebuild confidence for a broader recovery.