Pi Network has rebounded from its all-time low earlier this month, but the path forward remains uncertain as the cryptocurrency faces a confluence of technical upgrades and persistent supply-side pressures. At press time, PI trades at $0.09119, down 1.9% in the last 24 hours but up 10.7% over the past week.
Protocol v25: A Technical Milestone
The launch of Protocol v25 represents one of Pi Network's most significant upgrades in recent months. The update introduces support for BN254 cryptography and Poseidon hashing, technologies commonly used in privacy-preserving applications and zero-knowledge proof systems. These enhancements aim to improve network stability, strengthen privacy, and better equip the platform for developers building decentralized applications.
While the upgrade has generated optimism within the community, the market has yet to deliver a decisive bullish confirmation. PI recently recovered nearly 30% from its all-time low of $0.07059 recorded on July 14, but the rebound has slowed as the token approaches the psychologically important $0.10 level.
Resistance at $0.10 and Key Levels to Watch
The $0.10 mark has become a critical technical barrier. Previous recovery attempts have struggled to sustain trading above this level, making it a key threshold for the coming sessions. A successful breakout above $0.10 could expose the next resistance around $0.12, with additional hurdles near $0.135 and $0.15. Conversely, failure to break through could lead to a retest of recent lows.
Token Unlocks: A Persistent Headwind
Despite the technical improvements, supply dynamics remain a major obstacle. Over the next 30 days, approximately 127.5 million PI tokens are scheduled to be unlocked, averaging about 4.25 million PI per day. Each unlock increases the amount of PI that holders can sell, creating additional selling pressure. For buyers to absorb that supply, demand needs to remain consistently strong. This supply overhang helps explain why many traders remain cautious despite the recent rebound.
Technical Indicators: Mixed Signals
Several technical indicators suggest bearish pressure has eased compared with earlier this month, but they do not yet point to a confirmed breakout. The Relative Strength Index (RSI) has moved back toward neutral territory after approaching oversold conditions, indicating that selling pressure has moderated. However, the Moving Average Convergence Divergence (MACD) continues to reflect lingering bearish momentum, suggesting buyers still need stronger follow-through.
Other indicators paint a more constructive picture. The Aroon Up indicator has strengthened while Aroon Down has weakened, a sign that buyers have regained some control. Meanwhile, the Chaikin Money Flow (CMF) has moved into positive territory, pointing to improving capital inflows. The Average Directional Index (ADX) remains elevated, indicating that the current market trend is relatively strong, even if its long-term direction has yet to be fully established.
Security Concerns Add Uncertainty
Away from price action, Pi Network users are also paying close attention to wallet security after reports emerged of missing balances following token migration. One Pioneer claimed that after a three-year lockup period ended, an attempted migration of 143 PI resulted in a wallet showing a zero balance alongside multiple failed transactions. The report has not been confirmed as a network-wide issue, and there is currently no public evidence linking the incident to a flaw in the protocol itself. Nevertheless, the case has renewed calls within the community for stronger wallet protection, including mandatory two-factor authentication.
As interest in PI increases following Protocol v25, scammers may also become more active, making wallet security an important issue for users. For broader context on recent crypto market movements, see our coverage of DEXE Token Plunges 80% in 24 Hours as Team-Linked Wallet Sales Trigger Panic and ONDO Surges 13% as DTCC Tokenization Link and Robinhood Integration Fuel Rally.
This article is for informational purposes only and does not constitute financial advice.
