Pi Network is trading in the low-$0.20 range with subdued liquidity and a large base of holders still deeply underwater, as macro pressures and token unlocks converge on its near-term outlook.
The token holds a market capitalisation of roughly $1.8–$1.9 billion with about $1 million in daily volume, while remaining down more than 90% from its 2025 highs near $3.
Over the next three to six months, base-case models point to a gradual move toward $0.30–$0.50, with downside risk to around $0.14 and a bullish scenario extending toward $0.80–$1.00 if adoption accelerates.
Technically, resistance sits around $0.24–$0.25, while support in the $0.18–$0.20 range remains vulnerable as tens of millions of tokens are expected to unlock, potentially adding sell pressure.
The transition to Open Mainnet is a key structural catalyst that could unlock real utility through payments and decentralised applications, but its impact may be offset in the short term by increased circulating supply, and following current conditions Pi price was unchanged at $0.22.
Broader macro conditions linked to the Iran conflict and rising oil prices are also weighing on risk appetite, supporting higher yields and limiting capital flows into high-beta altcoins such as Pi.
Ultimately, Pi Network’s trajectory depends on whether ecosystem growth and user adoption can absorb incoming supply, with price action increasingly tied to execution rather than narrative alone.
At the time of reporting, Pi Network price was $0.183.