Introduction

Recently, the price of Pi Network (PI) quickly retraced from a high of $2.79 earlier this year to fluctuate around the $0.49 range, raising concerns in the community about further downward potential. However, several experts emphasize that the Pi price is unlikely to fall below the key support level of $0.40 in the short term. This article will combine the latest news and market data to provide novice investors with an in-depth interpretation of the reasons behind the price stability and the outlook for the future.

Pi Network Price Review

Figure:https://www.gate.com/trade/PI_USDT

The current price of Pi is $0.4584, with a 24-hour trading volume of approximately $60,041,448, showing a slight decline compared to yesterday. Since its peak of $2.79 earlier this year, it has accumulated a decline of over 80%. This trend is not uncommon among the majority of emerging public chain projects, especially in cases where the liquidity in the secondary market is not yet fully developed, and investor panic is concentrated.

The core team controls 90% of the supply, providing stability.

The Pi Network Core Team (PCT) holds approximately 90% of the total token supply, giving it a strong ability to regulate market supply. By flexibly arranging the token unlocking pace, PCT can slow down the unlocking speed in a timely manner before significant selling pressure appears in the market, thus avoiding a sharp price drop caused by a sudden increase in circulation. Although this centralized structure has been questioned by some decentralization enthusiasts, it plays an irreplaceable role in price stability for an ecosystem that is just getting started.

Technical analysis: Support in the $0.40–$0.70 range

From the daily chart perspective, the Pi Network has formed clear support and resistance levels within the range of $0.40 to $0.70. The lower level of $0.40 serves as a historical low, which has been touched multiple times and has gained support; the upper level of $0.70 has been the resistance encountered during several recent rebounds. Under the current supply control strategy, as long as PCT continues to unlock steadily, the price is likely to consolidate within this range, waiting for new information or significant collaborations to drive it forward.

Market psychology and community holding behavior

In addition to the supply strategy of the core team, the strong belief of the Pi community is also a major driving force for price stability. A considerable number of holders believe in the long-term development prospects of Pi, preferring to hold rather than sell, and are not easily swayed to exit during slight downturns. This “hard holding” mentality helps to prevent panic selling, thus forming a stable foundation during periods of market sentiment downturns.

Future Outlook: Unlocking Rhythm and Upward Potential

Looking ahead, as the PCT gradually slows down its unlocking pace, the new circulation will further decrease, and the market selling pressure will correspondingly ease. In addition, Pi’s official claim states that over 7,900 applications have gone live on the Pi App Studio, accelerating the ecological construction process. If a batch of high-quality DApps can be launched, it is expected to bring a new round of attention and capital inflow. However, in the short term, if there are no major collaborations or new exchanges going live, the price may continue to consolidate in the range of $0.40–$0.70.

Summary

Overall, although the price of the Pi Network has experienced a significant correction, the risk of falling below $0.40 in the short term is low due to the core team’s concentrated control over 90% of the supply, the strong will of the community, and multiple technical supports. For novice investors, it is reasonable to have moderate expectations for price increases, and more attention should be paid to the progress of the project’s ecological construction and practical application to make more informed investment decisions.