Trusted

What to expect from Pi Network Price in August?

2 mins
Updated by Ann Maria Shibu
Join our Trading Community on Telegram

In Brief

  • Pi faces a major token unlock in August, releasing 156 million tokens worth $68 million, heightening market pressure.
  • With weak buying demand and heavy supply-side pressure, PI struggles to break out of its tight range, hovering near its all-time low.
  • Technical indicators, including RSI and A/D, signal continued bearish momentum, suggesting the token may decline further unless demand picks up.
  • promo

Pi’s price performance has remained largely lackluster over the past few weeks. It has attempted to climb but has failed to sustain any meaningful upward momentum. 

With August approaching, the altcoin faces additional pressure from a significant token unlock that could further weigh on its already fragile market structure.

156 Million PI Tokens Set to Flood Market as Price Nears Breakdown

Pi faces a significant token unlock event in August. According to data from PiScan, 156 million tokens—worth approximately $68 million at current prices—are scheduled to be unlocked over the 31-day period.

This unlock event adds serious downside risk to a token already under pressure, with little bullish sentiment to support a rebound.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Pi Monthly Unlock
Pi Monthly Unlock. Source: PiScan

Currently trading at $0.43, PI has failed to keep pace with the broader crypto market rally that saw many assets notch new all-time highs. The altcoin has been weighed down by aggressive supply-side pressure, with over 250 million tokens released into circulation this month alone. 

With minimal buying demand to counterbalance this supply, PI has been unable to gain traction. It remains locked in a tight range and hovers dangerously close to its all-time low of $0.40.

PI Faces Bleak August as Buying Interest Fades

Readings from the daily chart show technical indicators flashing bearish signals, with no clear signs of reversal. For example, PI’s Accumulation/Distribution (A/D) line, a measure of buying versus selling volume, has steadily declined since June 26.

PI A/D Line.
PI A/D Line. Source: TradingView

Currently at -1.01 million, its value has plummeted by over 85% since then, highlighting waning interest from market participants. 

When an asset’s A/D line plunges like this, selling volume outweighs buying pressure. This trend shows the sustained weakening demand for PI and hints at a growing risk of further price declines in August.

Moreover, following a failed attempt to rally above the 50-neutral line on July 22, PI’s Relative Strength Index (RSI) has trended downward. It currently stands at 38.92,  reflecting the strength of the sellers across PI spot markets. 

PI RSI
PI RSI. Source: TradingView

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 38.92 and falling, PI’s RSI signals mounting bearish momentum as August approaches. This suggests the token could face further declines unless a reversal emerges soon.

Can PI Survive August’s $68 Million Supply Flood?

Without sufficient new demand to absorb the 156 million PI tokens set to be released next month, the altcoin faces a potential drop to its all-time low of $0.40. A deeper decline below this level remains likely if bearish momentum continues to build.

PI Price Analysis
PI Price Analysis. Source: TradingView

However, if the current trend reverses and buyers return to the market, they could help stabilize PI’s price in August and attempt to push it back above the $0.46 resistance level.

Top crypto platforms in the US
Coinbase Coinbase Explore
eToro eToro Explore
COCA wallet COCA wallet Explore
UpHold UpHold Explore
Moonacy Moonacy Explore
Top crypto platforms in the US
Coinbase Coinbase Explore
eToro eToro Explore
COCA wallet COCA wallet Explore
UpHold UpHold Explore
Moonacy Moonacy Explore
Top crypto platforms in the US
Coinbase Coinbase
eToro eToro
COCA wallet COCA wallet
UpHold UpHold
Moonacy Moonacy

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Untitled-1.png
Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
READ FULL BIO
Sponsored
Sponsored