Pi Network (PI) Price Is Trapped: Here's What Traders Need to See Before the Next Breakout

Pi Network (PI) Price Stuck in Prolonged Consolidation: Key Levels to Watch

Pi Network (PI) is struggling to break free from a prolonged consolidation phase despite a modest weekly gain. At the time of writing, PI was trading at $0.38, marking a 7% daily decline. Over the last seven days, the cryptocurrency has gained around 7%, but price action remains capped by a descending trendline.

Price Action and Market Data

• Current Price: $0.38

• 24h Range: $0.38 – $0.40

• 7d Range: $0.34 – $0.46

• Market Cap: $2.96 billion

• Total Supply: 12.03 billion PI

• Circulating Supply: 7.82 billion PI

• Locked Supply: 5.23 billion PI

• 24h Volume: $115.2 million

The 4-hour chart shows a clear consolidation pattern following earlier declines, with momentum indicators suggesting indecision among traders. A descending trendline continues to suppress upward moves.

Technical Outlook: Weak Momentum, Possible Upside Triggers

• MACD: Hovering near zero, signaling low momentum.

• Stochastic RSI: Near oversold territory, which could indicate short-term buying interest.

The first major bullish signal would come from a decisive break above $0.78, potentially opening the path toward $1.50 and later $5.00. Until then, sideways trading is likely to persist.

Liquidity and Exchange Holdings

According to PiScan.io, centralized exchanges currently hold 409.4 million PI:

• OKX: 29.55 million PI

• Bitget: 139.9 million PI

Most PI supply remains off exchanges, likely stored in private wallets or locked in staking, reducing immediate sell pressure but also limiting liquidity.

Network Activity: Low On-Chain Transactions

• Transactions per second: 0.714

• Blocks produced: 22,163,901

Current network activity shows light transactional demand, which aligns with the subdued trading environment.

Ecosystem Developments: Listings & Domain Auctions

1. Chainphon Listing On August 12, 2025, at 09:00 AM UTC, Chainphon will launch $PHONE/$PI trading on its decentralized application (dApp). The listing event includes a 100 PI giveaway for participants who correctly answer a question about PI’s launch date.

2. .pi Domains Auction Extension Pi Network has extended its .pi Domains Auction until the end of September 2025. These personalized domains—similar to Ethereum’s .eth and BNB Chain’s .bnb—allow users to create easy-to-read wallet addresses, aiming to simplify transactions and improve user experience.

Conclusion: Waiting for a Breakout

Pi Network remains trapped in a consolidation zone, with market sentiment cautious but not entirely bearish. While the Stochastic RSI hints at potential short-term buying, a confirmed trend reversal would require breaking above the $0.78 resistance.

For now, traders are likely to see sideways price movement until either ecosystem developments or broader market trends provide a catalyst.

Robert Petrov publication: "Pi Network (PI) Price Is Trapped: Here's What Traders Need to See Before the Next Breakout" was written for 24crypto.news

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