Pi Network Price Prediction: 149 million tokens will be unlocked on September 1, PI is close to its historical low.

The price of Pi Network (PI) has continued to be under pressure this week, dropping below $0.339 on Wednesday, just a step away from the historical low of $0.322 set on August 1. With over 149 million Tokens (worth approximately $50.71 million) set to be unlocked in September, the market is worried that selling pressure may intensify, further exacerbating the already sluggish volume and market sentiment.

149 million Tokens unlocked: Potential supply shock

(Source: PiScan)

According to PiScan data, the unlocking scale in September will exceed 149 million Tokens, which will directly increase the circulation supply of PI.

Value: approximately 50.71 million USD

Time: Released in batches throughout September

Impact: If investors choose to dump, it will create short-term pressure on the price.

However, as the market has already priced in this news, some traders may have strategically hedged and adjusted their positions, so the actual impact of the unlocking remains to be observed.

On-chain data: volume continues to fall

(Source: Artemis Terminal)

Artemis Terminal data shows that since mid-May, the daily volume of PI has shown a steady decline trend:

Mid-May: volume peak

August 27: fell to 43.8 million USD

Trend: Market participation and liquidity are weakening in tandem.

The shrinkage of trading volume indicates a decline in market absorption capacity. Once the unlocked tokens flood into the market, the price volatility may be amplified.

Technical Analysis: Support and Bounce Targets

(Source: Trading View)

Since mid-May, the PI price has been operating within a descending channel, having fallen over 17% this month.

Support level: 0.322 USD (historical low)

Resistance level: $0.400 (short-term rebound target)

RSI: 38, below neutral 50, indicating bearish advantage

MACD: The indicator lines are intertwined, reflecting the traders' wait-and-see sentiment.

If the price falls below 0.322 USD, it may trigger a new round of dumping; on the contrary, if a rebound occurs and breaks through 0.400 USD, it is expected to break the downward channel and initiate a short-term recovery trend.

Conclusion

Pi Network faces a dual challenge in September: first, the potential supply shock from the unlocking of 149 million Tokens, and second, the insufficient market support caused by the continuous decline in on-chain volume. In the short term, $0.322 will be a key defense line. Whether it can hold this support level will determine if PI further tests the bottom or experiences a technical rebound. Investors need to closely monitor the unlocking rhythm and changes in market trading volume to formulate response strategies.