Pi Network has entered a critical consolidation phase as it tests key support levels around $0.17. With significant token unlocks looming and bearish technical indicators, the next seven days could determine whether PI defends its current floor or slides deeper into bearish territory.
Current Market Snapshot
Pi Network recently hit a new all-time low of $0.172 on January 26, marking a 94% decline from its February 2025 peak of $2.98. Current price hovers between $0.17-$0.21 depending on exchange, with market capitalization at $1.4-$1.7 billion and 24-hour volume of just $8-12 million. With 8.38 billion PI in circulation, the token ranks between #50-75 on major tracking platforms.
Technical Analysis: Bearish Structure Dominates
PI remains trapped below all major exponential moving averages with the 20-EMA at $0.209, 50-EMA at $0.216, and 200-EMA at $0.373, confirming the dominant bearish trend. Critical support sits at $0.19-$0.20, with resistance at $0.21-$0.225. A breakdown below $0.19 could target the $0.15 region, while bulls need to reclaim $0.225 to shift momentum.
The RSI bounced from oversold territory below 30 but remains at 37-46, suggesting weak momentum. MACD recently flipped bullish but both lines remain below zero, hinting at potential for a short-term bounce without confirming trend reversal. The ADX at 13.7 indicates extremely weak trend strength, while Chaikin Money Flow barely positive at 0.01 shows minimal capital inflows.
PI continues trading within a descending channel pattern, respecting lower highs while consolidating near $0.20 support. This technical structure favors continuation of the downtrend unless a decisive breakout occurs above $0.225 with strong volume.
Fundamental Factors Affecting Next Week’s Price
The most significant bearish catalyst facing PI is the scheduled unlock of approximately 150 million tokens over the next 30 days, with daily unlocks averaging 4.6 million tokens and peak releases of 6.1 million PI on February 7. These unlocks represent nearly 2% of circulating supply entering the market monthly, creating persistent selling pressure that could overwhelm any positive developments.
On the development front, Pi activated Stellar Protocol v25 on January 7, introducing X-Ray smart contracts and Ethereum-compatible ZK-proofs. The network launched no-code Pi payment integration and released Node version 0.5.4 fixing critical bugs. Over 9 million users have migrated to mainnet with 14 million completing KYC verification. However, these technical achievements have failed to generate meaningful price support, suggesting the market prioritizes token economics over ecosystem development.
Community sentiment remains deeply divided between bearish traders citing lack of major exchange listings and aggressive unlocks, versus bullish “Pioneers” pointing to ecosystem development and the $100 million Pi Network Ventures fund. Trading volume has declined to $7-12 million daily from highs above $50 million, indicating waning interest. Bitcoin’s recent drop below $88,000 creates additional headwinds, as PI’s correlation coefficient of 0.574 with top cryptocurrencies means continued BTC weakness will likely drag PI lower.
Price Prediction Scenarios for Next Week (February 3-9, 2026)
Bullish Scenario (25% Probability): $0.22-$0.245
A decisive close above $0.215 on strong volume above $20 million daily, combined with sustained break above the 50-EMA at $0.216 and Bitcoin recovery above $95,000, could drive PI toward the 100-EMA around $0.24. However, this requires both technical confirmation and reduced unlock-related selling pressure.
Neutral/Consolidation Scenario (50% Probability): $0.19-$0.21
Most technical indicators and market conditions support continued range-bound trading between $0.19 and $0.21. With weak momentum but oversold RSI readings, PI may hold current levels while digesting recent losses through multiple tests of $0.20 support. Expect low volume consolidation with 2-3% daily fluctuations as the market awaits catalyst.
Bearish Scenario (25% Probability): $0.15-$0.18
A clean close below $0.19 on increased volume, combined with accelerated token dumps from unlock recipients and Bitcoin breakdown below $85,000, could trigger rapid descent to the $0.15 region. Volume tends to surge on downward moves, suggesting sellers are more aggressive than buyers.
Trading Volume and Liquidity Concerns
The decline in 24-hour trading volume from $50M+ to just $7-12M represents an 80% drop in liquidity. This creates significant slippage on large orders, makes PI vulnerable to coordinated pump-and-dump schemes, and means difficulty exiting large positions without impacting price. Until major exchanges like Binance, Coinbase, or Kraken list PI, liquidity will remain a persistent challenge.
Expert Predictions Summary
Multiple technical analysis platforms offer bearish-to-neutral week-ahead forecasts. CoinCodex and CoinCheckup project potential decline to $0.13-$0.15, while Gate.io suggests average price of $0.2082. FXStreet remains cautious on $0.20 support with possible rebound scenario, while 99Bitcoins forecasts conservative range of $0.12-$0.45 through 2026. The consensus leans bearish-to-neutral, with most analysts expecting continued consolidation or modest decline until fundamental catalysts emerge.
Conclusion
Pi Network enters the week of February 3-9 at a critical juncture with technical indicators suggesting continued bearish pressure. The $0.19-$0.20 support zone serves as the last line of defense before deeper losses, with most likely outcome being continued consolidation in this range on low volume. Upside potential remains limited to $0.22-$0.225 without major catalyst, while breakdown below $0.19 could trigger rapid descent to $0.15.
The massive supply overhang from 150 million token unlocks over the next 30 days, combined with weak technical structure and limited exchange access, creates an unfavorable risk-reward profile. Until PI demonstrates it can absorb selling pressure from ongoing unlocks and establish sustainable demand, the path of least resistance points lower. The coming week will test whether ecosystem development can overcome the brutal tokenomics working against price appreciation.
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