Pi Network September Price Prediction: Under the pressure of unlocking $60 million tokens, can PI trigger a 175% rebound?

The price of Pi Network (PI) has fallen for three consecutive months, plummeting 90% from its yearly high, with market capitalization evaporating by billions of dollars, currently hovering at historical lows. In September, Pi coin will face multiple events including a $60 million token unlock, network upgrades, and potential exchange listings, with the market paying attention to whether it can rebound under extreme pressure.

Fundamentals: Three Major Events Driving September Trends

1. Stellar Agreement Upgrade

Pi Network will upgrade from Protocol 19 to Protocol 23, enhancing the flexibility of smart contracts, node coordination, and application support. Although this is an important update for the network infrastructure, its short-term impact on price is limited, as it will not change the Token economic model.

2. 163 million Pi Tokens unlocked (approximately 60 million USD)

This is the biggest potential bearish factor in September. Due to weak market demand, the new supply may exacerbate selling pressure, continuing the previous downtrend.

3. Potential Exchange Listing and ETF Application

If Pi coin lands on a major exchange, it will bring tremendous liquidity and market attention. Recently, several new coins have seen significant price increases after being listed, and if Pi receives the same treatment, it could become a strong positive factor.

In addition, Valour Capital of Sweden has launched the Pi fund, and if a Token burn mechanism or Pi Network ETF is introduced in the future, it will further enhance market expectations.

Technical Analysis: Multiple Bullish Signals Brewing a Reversal

(Source: Trading View)

Price Structure

May high: 1.6567 USD

Current Price: 0.3673 USD

Double Bottom Pattern: Support level 0.3353 USD

Neckline position: 0.4648 USD

Falling Wedge Pattern

Pi coin has formed a typical descending wedge on the 12-hour chart, which is a common bullish reversal pattern.

Bollinger Bands and Wyckoff Accumulation Phase

The three lines of the Bollinger Bands have clearly narrowed, indicating that volatility has dropped to a low level. The market may be in the accumulation phase of the Wyckoff theory, preparing for a breakout.

Potential Target

If it breaks through the neckline with volume, the Pi Token is expected to reach 1 USD in the short term, which is an increase of about 175% from the current level.

Conclusion

Pi Network faces both challenges and opportunities in September: the unlocking of 60 million USD tokens may intensify selling pressure, but the falling wedge, double bottom pattern, and potential exchange listing provide technical and fundamental support for a rebound. If the bulls can hold the support at 0.3353 USD and break through the 0.4648 USD neckline, Pi Token is expected to experience a strong rebound, with a short-term target aimed directly at 1 USD.