Pi Network Today's News: $0.20 Becomes the Bull-Bear Threshold, Token Unlock Adds Variables

As of Thursday, Pi Network (PI) tokens have risen for the fourth consecutive trading day, with an intraday increase of approximately 5%, breaking through $0.1900. The weekly gain has reached about 15%, and the crypto market is gradually emerging from the “extreme fear” zone. However, PiScan data indicates that 20.8 million PI tokens will be unlocked on Saturday, representing the largest release in the next 30 days, which poses a short-term selling pressure as the primary risk factor.

Market Sentiment Shifts: Fear Index Rebounds Boost Crypto Market

(Source: CMC)

The rebound of PI tokens is driven by a broad retreat in market risk aversion. The Crypto Fear & Greed Index rose from an extreme fear level of 19 to 29 within a day, reflecting a phase reversal in investor market expectations, benefiting risk-on assets. Over the past week, PI has continued its upward momentum, posting gains for four consecutive days, with short-term bullish strength clearly increasing.

Technical Analysis: $0.1959 is the Key Breakthrough Level

(Source: TradingView)

Pi Network is currently above the 50-day Exponential Moving Average (EMA) of $0.1749, indicating a shift from a weak to a strong short-term trend. The most critical test now is around $0.1959, where a double resistance zone exists—converging 100-day moving average pressure and a descending trendline connecting the highs of August 30 and November 28.

Key Technical Levels

Main Resistance: $0.1959 (convergence of 100-day MA and descending trendline)—Breakout confirms bullish trend

Target after Breakout: $0.2613 (resistance at September 23 low)

Key Support: $0.1749 (50-day MA)—Holding this level maintains a short-term bullish trend

Deep Support: $0.1533 (October 10 low)—Breaking below this indicates a reversal of the short-term trend

Momentum indicators also confirm a bullish bias: MACD has crossed above the signal line, both are above zero, and the positive histogram continues to expand; RSI is at 65, trending upward and approaching overbought territory, indicating increasing buying pressure.

Token Unlock: 20.8 Million Tokens on Saturday Pose Major Short-term Selling Risk

(Source: PiScan)

Despite the bullish technical outlook, the short-term rally faces structural resistance. PiScan data shows that on Saturday (March 8), 20.8 million PI tokens will be unlocked, the largest single release in the next 30 days. Historical experience suggests that token unlocks often trigger holder sell-offs, increasing short-term selling pressure and limiting the rebound strength.

Investors should closely monitor on-chain circulation changes after the unlock to assess whether current bullish momentum can absorb the additional supply pressure.

Frequently Asked Questions

Q: What is the next target after PI breaks $0.1959?
A: If PI can close above $0.1959 (the confluence of the 100-day MA and descending trendline), the next major resistance is at $0.2613, based on the September 23 low. This target offers approximately 33% upside from the current price.

Q: How will the 20.8 million PI token unlock affect the price?
A: Token unlocks increase market circulating supply. If holders choose to sell immediately after unlock, it will create direct downward selling pressure. The 20.8 million tokens represent the largest single unlock in 30 days, which could pose additional resistance to breaking through $0.1959, especially if buying momentum has not yet fully accumulated.

Q: What does a break below the 50-day moving average imply?
A: The $0.1749 level, the 50-day MA, is the core support for the current short-term bullish trend. If the price falls below this level and cannot recover quickly, the next key support is at $0.1533 (October 10 low). Falling below this would shift the short-term trend to bearish, risking the end of the current rebound.