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Pi Crypto Network Faces Renewed Sell Pressure After Shady Move

Pi Crypto Network Faces Renewed Sell Pressure After Shady Move

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Pi Crypto slid once more, drifting below $0.21 at the same time as the broader market discovered its footing. The promote stress traces again to a recent 2 Mn PI switch from the Core Group’s reserve pockets; it’s the sort of motion that has repeatedly knocked the token off steadiness in previous cycles.

On-chain knowledge reveals the most recent transaction mirrors a September occasion, when the workforce moved 50 Mn PI, later sending a number of tranches to OKX change. The receiving pockets now holds below 48 Mn PI after routing one other 3Mn tokens to the change this week.  Right here’s what it’s essential to know:

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(Supply: CoinGecko)

The most recent spherical of Pi updates is a bit bizarre, and that’s placing it mildly. The Core Group once more promised a phased transfer towards an Open Mainnet in 2026, however provided no dates, no milestones, and nothing resembling an actual schedule. New app integrations and expanded KYC entry had been pushed throughout developer channels, but the market barely reacted.

For a lot of holders, every replace feels much less like progress and extra like stalling.

Coingecko tracks Pi’s off-chain placeholder worth at roughly $0.21, although precise change markets stay unaligned on account of Pi’s ongoing “enclosed community” standing.

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PI Value Outlook: Bears Tighten Their Grip

Technically, PI is breaking down. The four-hour chart reveals a transparent bearish continuation after dropping the $0.22 help. The RSI sits at 37, MACD deep in destructive territory, and worth construction tilting towards a retest of the $0.1919 help.

If that stage fails, PI dangers revisiting the October 10 low at $0.1533, successfully resetting to an all-time low zone.

The one bullish pathway for PI Crypto comes from reclaiming the 50-day EMA close to $0.2364, however a sustained reversal requires breaking the broader psychological ceiling round $2.50. Proper now, that stage appears to be like distant.

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Key Takeaways


Pi Crypto slid once more, drifting below $0.21 at the same time as the broader market discovered its footing. The promote stress traces again to a recent switch.


The four-hour chart reveals a transparent bearish continuation after dropping the $0.22 greenback help.

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Isaiah Mccall

Isaiah Mccall

99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He began at USAToday in 2019 and now has a Medium weblog following of 30k+ and thousands and thousands of views. Observe him at @AfroReporter
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