Pi network price remained under pressure this week as weak demand kept buyers on the defensive.
PI has been recently trading in a range-bound of about $0.12 to $0.13, keeping near its recent lows and losing momentum in its upward trend.
The Pi coin has fallen about 10% over the past week, indicating further selling pressure in the market.
The second issue is declining purchasing power, even after the safeguarded Protocol v25 mainnet node upgrade.
Here Is Why Pi Network Price Could Stay Weak
Pi network price was pressured again this week as the overall crypto sentiment remained weak. Bitcoin price was trading at under $64,000, Ethereum at under $1,800, and XRP also fell. SOL, DOGE, BNB, and HYPE were experiencing small drops, contributing to market warning.
The CMC Crypto Fear and Greed Index was at 22, which indicated fear among traders. Pi Coin price remained under $0.15 throughout the week. These trends combined to create two red flags as the demand was weak and the sellers remained in the market.
Pi Network Price Weakens as 30-Day Unlocks Raise Risk
Pi Network is under a new red flag with an increasing unlock pressure and decreasing price momentum this week. Statistics indicate 127.5 million Pi will unlock in the next 30 days with an average of 4.25 million Pi per day.
The largest release comes on June 25, with 7.45 million Pi scheduled. These additions of supplies can be observed by traders. Larger unlocks can strain demand in weak market situations and exacerbate the risk of short-term selling on a further scale today.
Pi Network Faces CEX Outflow Pressure as Price Weakens
Pi Network faces another warning sign as CEX wallet balances show heavier outflows than inflows over 24h. Tracked exchanges held 556.77m Pi, with total inflows at 319,303.75 Pi and outflows at 579,018.71 Pi.
That resulted in a net outflow of 259,714.96 Pi on listed platforms. OKX, Gate.io, Bitget, MEXC, Kraken, and LBank posted negative flows. Pionex experienced slight inflow, which was not able to counter broader withdrawals within the reported period.
Will Pi Network Price Hold $0.13 Support After Recent Volatility?
The most recent PI coin price was at $0.1354, with minimal movement on the four-hour chart.
Pi Network price was stuck between the major support and resistance areas following its early June drop. The RSI is at 57, indicating a weak buying pressure and not overbought.
The MACD is also a little positive, with the signal line trailing behind. This arrangement presents a poor bullish, rather than a verified breakout.
The next level that could be revealed by a stronger downside movement is the $0.1250. That area had been in demand following the sharp selloff of Pi earlier this month.
On the upside, Future Pi Coin outlook faces immediate resistance near $0.14. A clean breakout above that could enhance short-term sentiment.
In case buyers recapture momentum, the target may be around 0.1450. Further strengthening of the rally can then open the way to $0.15.
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