Pi Network’s token has rebounded after hitting a fresh all-time low earlier this month, but the outlook remains cautious as the market wrestles with a nearby technical ceiling and ongoing token unlock supply. At the time of writing, Pi is trading at $0.09119, down 1.9% over the past 24 hours, while still up 10.7% on a seven-day view.
Investors are weighing a new ecosystem upgrade—Protocol v25—against persistent unlock-related pressure and renewed attention on wallet security after community reports of missing balances following token migration.
Key takeaways
- Price move: Pi is down 1.9% in the last 24 hours to $0.09119, but remains 10.7% higher over the past week.
- Catalyst: The launch of Protocol v25 has renewed momentum within the Pi community following the token’s July lows.
- Key implication: A supply overhang from scheduled unlocks and resistance around $0.10 could limit follow-through unless buyers step up.
- Risk watch: Unconfirmed community reports of wallet issues after migration have intensified calls for stronger protection measures.
What drove the move
Protocol v25 represents one of Pi Network’s most significant technical upgrades in recent months. According to the Pi Core Team’s announcement on X via its official account, the update is designed to improve network stability, privacy, and readiness for developers building decentralized applications.
Among the more technical additions highlighted in coverage of the upgrade are support for BN254 cryptography and Poseidon hashing—components commonly associated with privacy-preserving systems and zero-knowledge proof workflows. The release also includes improvements aimed at enhancing ecosystem efficiency as the network continues to mature.
The upgrade helped Pi recover after the token fell to an all-time low of $0.07059 on July 14, 2026. The rebound reportedly reached nearly 30% from that level, but market participants have not yet confirmed a sustained break into a new bullish phase.
Market reaction: $0.10 is the line in the sand
While Protocol v25 has provided a fresh narrative catalyst, near-term price action appears constrained by technical resistance. The $0.10 area is described as a psychologically important threshold where previous recovery attempts have struggled to hold, making it a focal point for traders in the next sessions.
Market participants tracking the chart have pointed to a sequence of potential resistance levels above: $0.12, followed by $0.135 and $0.15, if the token can establish trading strength beyond $0.10.
However, the lack of decisive follow-through suggests the market is still demanding confirmation—especially as supply dynamics remain unresolved.
Token unlocks keep pressure on buyers
Beyond the technical chart, supply timing remains central to the investment debate. The article notes that over the next 30 days, approximately 127.5 million PI tokens are scheduled to be unlocked, averaging about 4.25 million PI per day.
In practical terms, every unlock increases the pool of tokens available for holders to potentially sell. Without consistently strong demand, waves of newly unlocked supply can slow upward momentum or contribute to pullbacks—even when the network’s development storyline improves.
This supply overhang is likely part of why traders remain cautious despite the rebound from the July lows. The key question for the near term is whether buyers can absorb unlock-related liquidity while the token attempts to clear the $0.10 resistance zone.
Technical signals: improving momentum, mixed confirmation
Several indicators referenced in the coverage suggest bearish pressure has eased compared with earlier in the month, though they do not yet amount to a confirmed breakout.
According to the article, the Relative Strength Index (RSI) has moved back toward neutral after previously approaching oversold conditions, implying reduced selling intensity. The MACD, however, is still described as reflecting lingering bearish momentum, indicating that buyers may need stronger follow-through for a sentiment shift.
Other measures are framed as more constructive: the Aroon Up indicator has strengthened while Aroon Down has weakened, which the article interprets as buyers regaining some control. In addition, Chaikin Money Flow (CMF) reportedly moved into positive territory, suggesting improving capital inflows. The Average Directional Index (ADX) remains elevated, pointing to a relatively strong market trend even if its longer-term direction remains unsettled.
Taken together, the technical read is consistent with a market that is stabilizing but still waiting for confirmation—particularly through sustained trading above the $0.10 resistance level.
Security concerns cloud the upgrade narrative
Alongside price and supply, community attention is focused on wallet security after reports circulated about missing balances following token migration. The article cites a community claim that, after a three-year lockup ended, an attempted migration of 143 PI resulted in a wallet showing a zero balance and multiple failed transactions.
The report has not been confirmed as a network-wide issue, and the article notes there is currently no public evidence linking the incident to a flaw in the protocol itself. Still, the case has renewed calls within the community for stronger wallet protections, including mandatory two-factor authentication.
Pi Network has previously warned users to remain cautious of phishing attempts, unofficial wallet tools, and any actor asking for recovery phrases or private keys. With attention on PI increasing following Protocol v25, security risks could become more salient if scammers intensify efforts to exploit heightened interest.
Looking ahead, investors will likely track whether Pi can hold above $0.10 as unlock supply continues over the next month. With Protocol v25 now live, the next market test will be the balance between improved technical momentum and the ability of demand to absorb newly unlocked tokens—while users continue to monitor wallet-security developments amid unconfirmed migration-related reports.
