Pi Network (PI) Price Analysis: Key Support in Focus That Could Release Unlock Pressure

Key Takeaways:

• Market Sentiment: PI dips to test key support amid broader market pullback led by Bitcoin ($92,000).

• Unlock Event: A massive $136 million token unlock is being absorbed by current demand.

• Bullish Setup: An ascending triangle on the 4H chart suggests a potential 15% breakout targeting $0.24.

• Critical Support: Buyers are defending the $0.205–$0.208 zone aggressively.

Pi Network (PI) is currently trading in the red as the broader cryptocurrency market takes a breather after a strong start to the year. Bitcoin (BTC), which surged close to the $94,000 level earlier this week, has pulled back below $92,000, dragging overall market sentiment slightly lower.

Amid this market-wide cooldown, PI is facing additional pressure from ongoing token unlocks. However, the latest chart structure suggests the token is approaching a technically important support area—one that could help absorb unlock-related selling if buyers continue to defend it.

Source: Coinmarketcap

$136M Token Unlock Pressure Weighs on Price

Pi Network has been dealing with sustained supply pressure following a major unlock of approximately 190 million PI tokens in December 2025. This has been followed by another significant release of around 136 million PI tokens in January 2026.

January is reported to be the heaviest unlock month so far, with average daily releases exceeding $4 million worth of PI over the next 30 days. While this steady inflow of new supply often caps price action, the ability of PI to maintain its current valuation suggests that ecosystem utility and “Smart Money” accumulation are successfully offsetting the selling pressure.

Pi Network (PI) Tokens Unlock 2026/Source: piscan

Ascending Triangle Structure Emerges on the 4H Chart

Despite the current $136M supply event, the 4-hour chart reveals a constructive technical setup. PI appears to be forming an ascending triangle pattern, a structure that often signals bullish continuation once resistance is decisively broken.

The pattern is characterized by a rising trendline that has consistently supported higher lows since mid-December, while price continues to face overhead resistance in the $0.2129–$0.2160 zone. Each dip has been bought slightly higher than the previous one, reflecting steady demand at rising price levels.

Pi Network (PI) 4H Chart/Coinsprobe (Source: Tradingview)

Earlier today, PI was rejected from this resistance area and pulled back toward $0.2078, where it met the ascending trendline. This trendline has acted as a reliable support base throughout recent consolidation, making the current zone technically significant for the next “leg up.”

What the Chart Signals Next: Breakout or Breakdown?

As long as PI continues to hold above the rising support trendline near the $0.205–$0.208 region, the broader bullish structure remains intact. A successful bounce from this area would increase the probability of another attempt toward the $0.2129–$0.2160 resistance band.

A decisive breakout above this horizontal ceiling—ideally followed by a daily close above it—would complete the ascending triangle formation. Such a move could help “release” the ongoing unlock pressure by attracting fresh demand and shifting short-term momentum back in favor of buyers.

Price Target: $0.24

Based on the measured move projection of the triangle, a confirmed breakout points toward a potential upside target around $0.2404. From current price levels, this represents a roughly 15% gain, which would effectively invalidate the bearish narrative surrounding the January supply influx.

For now, all attention remains on the ascending trendline. As long as PI continues to defend this support and maintain higher lows, the technical structure favors consolidation with a bullish resolution.

Bottom Line

The immediate future of Pi Network (PI) hinges on the battle between a 136 million token unlock and a robust ascending triangle support. While the influx of 136 million new tokens creates substantial supply pressure, the technical structure indicates that demand is currently strong enough to prevent a breakdown.

A decisive move above the $0.2160 resistance would effectively neutralize the bearish “unlock” narrative, potentially fueling a 15% rally toward $0.24. However, should the price slip below the $0.205 support trendline, it would suggest that the new supply has finally overwhelmed buyers, likely leading to a deeper corrective phase.

How many Pi tokens are being unlocked in January 2026?

Approximately 136 million PI tokens are scheduled to be unlocked throughout January 2026. This is the highest monthly unlock for the year.

What is the key support level for Pi Network (PI) right now?

The critical support zone for PI is between $0.205 and $0.208. As long as the price stays above this ascending trendline, the bullish structure remains intact.

Can PI price reach $0.24 in January?

Yes, technical analysis of the 4H chart shows an ascending triangle pattern. A confirmed breakout above $0.2160 sets a measured price target of $0.2404.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.