Pi Network Faces New Bottom Risk as 149 Million Tokens Prepare to Be Unlocked in September

Pi Network continues to languish in the red during Wednesday's trading session, falling below the 0.339 USD mark and nearing the historical low of 0.322 USD set on August 1st. The market is anxiously awaiting the event of unlocking more than 149 million tokens next month — a move that could unleash selling pressure, amid declining liquidity and increasingly pessimistic investor sentiment. 149 Million Tokens About to Be Unlocked Could Push Pi Network Into a Deeper Correction According to the monthly unlock data from PiScan, over 149 million tokens, equivalent to 50.71 million USD, will be released in September. This unlocking event has the potential to increase the circulating supply of PI, leading to sell pressure and impacting the price. However, since this schedule has been announced early, the actual impact may be somewhat mitigated as traders have already anticipated and prepared for it.

Additionally, another concerning signal is the weakening of liquidity as well as the level of interest in PI Network. Data from Artemis Terminal shows that the daily trading volume of the token has continuously declined since mid-May, dropping to only 43.8 million USD on Tuesday – clearly reflecting the weakening momentum in market appeal.

Price Forecast for Pi Network: PI Approaching Historical Low The Pi Network is moving within a downward channel that has been extending since mid-May, formed by a series of lower highs and lows. In just this month, the cryptocurrency has lost over 17% of its value, dropping to a historical low of 0.322 USD on August 1, before slightly rising to around 0.340 USD on Wednesday.

The downtrend shows no signs of ending as many technical signals continue to support the bears. The RSI on the daily frame has fallen to 38, below the neutral threshold of 50, indicating that selling pressure dominates. At the same time, the MACD line and the signal line of the MACD indicator are nearly overlapping, reflecting hesitation and uncertainty in trader sentiment. If the negative trend continues, PI risks testing – or even breaking through – the old bottom of 0.322 USD. Conversely, in a recovery scenario, this coin could bounce back, heading towards the short-term resistance area around 0.400 USD.