PI Token Plummets 17% in July: Supply Unlock and Bearish Signals Threaten Further Decline
The PI Token, the native cryptocurrency of Pi Network, has faced a steep 17% decline in July 2025. This drop comes amid a major supply unlock event and weakening on-chain metrics, raising concerns among investors. Will the token recover, or is further downside ahead?
PI Token Faces Downward Pressure Amid Supply Unlock
PI Token’s price struggles to hold above the critical $0.4000 support level, last tested on June 13. A breakdown below this level could push the token toward all-time lows. The downward trend coincides with an upcoming unlock of approximately 160 million PI tokens in August, increasing circulating supply by 2.1%.
- Increased selling pressure expected from early investors and miners
- Historical data shows similar unlocks often weigh on price and liquidity
- Projects with many early participants particularly vulnerable
Technical Analysis Shows Bearish Momentum for PI Token
From a technical perspective, PI has formed consistent lower highs and lower lows across key timeframes. Key indicators suggest continued bearish momentum:
| Indicator | Status |
|---|---|
| RSI (4-hour chart) | Trending toward oversold without reversal |
| MACD | Approaching bearish crossover |
| Price Action | Failed to hold above $0.45 psychological level |
On-Chain Developments and Market Outlook
The delayed integration by Onramp Money has removed a potential support factor for PI Token. While some accumulation by an unknown wallet (1.40 million PI tokens) suggests buying interest, it hasn’t been enough to reverse the trend. Key levels to watch:
- Support: $0.3571 (CoinGape forecast)
- Resistance: $0.5000 (reversal signal if reclaimed)
- Pivot levels: S1 at $0.3837, S2 at $0.2585
FAQs About PI Token’s Recent Performance
Why is PI Token dropping?
The 17% decline in July stems from a combination of technical weakness, upcoming supply unlock, and delayed fiat integration.
What is the supply unlock event?
Approximately 160 million PI tokens will become available in August, increasing circulating supply by 2.1% and potentially creating selling pressure.
Where can I buy PI Token currently?
While Onramp Money integration is delayed, the Pi Network app redirects users to Banxa and TransFi, though these aren’t officially endorsed.
What are the key support levels for PI Token?
Critical support lies at $0.4000, with potential lower supports at $0.3571 and $0.3837 if the bearish trend continues.
Could PI Token recover soon?
Recovery would require reclaiming $0.5000 resistance. Current technical and on-chain signals remain bearish.
