- Pi Coin declines by 4% in the last 24 hours amidst the rising exchange reserve and upcoming token unlocks.
- Meanwhile, pending upgrades, recent partnerships, and a strong technical outlook suggest the price could stage a bullish reversal.
Pi Coin investors currently find themselves at a crossroads as a bearish catalyst meets a bullish trigger. According to PiScan data, about 4.85 million tokens are unlocked every day. This means 145 million would be released into circulation in 30 days.
Reports also suggest that 173 million tokens could be released in December, making it the biggest supply wave until 2027. The token unlock has long affected the overall performance of the asset. Unfortunately, this is not stopping anytime soon, as 1.4 billion tokens were scheduled to be released over the next year, as mentioned in our earlier news coverage.
Apart from this bearish catalyst, exchanges are reported to hold a record amount of 426 million Pi, increasing the possibility of selling pressure in the near term. Already, the unlock program is leading to oversupply, increasing selling pressure, and subduing momentum, as discussed earlier.
The Price of Pi and Possible Bullish Triggers
According to our data, the price of Pi is already reacting to this news as it declines by 4% in the last 24 hours and 1.1% in the last seven days to trade at $0.21. However, investors’ interest remains high as its daily trading volume surges by 37.8% to $28.5 million.
Analysts have also observed that the bearish pressure around the asset could be nullified by three key events, which include a major protocol upgrade. One of them is the steady progress of Protocol 23 testing. CNF reported in September that the team plans to move from Protocol Version 22 to Version 23 as part of the overall effort to make the network faster and more reliable.
An analyst known as Dr. Altcoin has also noted that the fourth quarter of 2025 (Q4 2025) and the first quarter of 2026 (Q1 2026) could witness a mainnet integration that could stabilize the network and improve confidence.
Recently, the team also released the Pi Node version 0.5.4 update to track open ports and ensure that node reward calculations are significantly improved across active mode setup. According to reports, this could improve participation in the medium term.
Another way the bearish catalyst of Pi Coin could be nullified is through active partnerships. Recently, Pi Network partnered with OpenMind to ensure that practical AI-driven applications are integrated. According to reports, there is a chance the Pi Coin could record some gains since the node earns additional income. As highlighted in our earlier discussion, Pi Network is expected to join Ripple and Stellar Lumen in the ISO 20022 alignment by November 22.
The final event that could force a price surge is the accumulation range formed by the asset. According to analysts, the return of buyers near the lower boundary has forced the asset to stabilize within this area. Specifically, the next breakout attempt could be decided by the ability of the asset to decisively hold above the $0.21 and recapture the $0.2598 level. Once this is done, Pi could reach $0.3.
