Pi Network token price stays near $0.08 as supply overhang drowns out $1 hopes

The Pi Network cryptocurrency continues to trade around $0.08, well below the speculative $1 target. Technical charts show the token sliding inside a descending channel on both hourly and weekly timeframes, indicating a prolonged downtrend. Analysts note that the token’s massive supply overhang—still far from its 100 billion max—combined with scheduled token unlocks of over 100 million PI per month is pressuring the price lower. The Pi Core Team has completed its second test‑net token launch, but this has not translated into real‑world utility or market demand. Probability estimates for the token reaching $1 are placed at only 25 %, with 50 % chance of sideways movement and another 25 % chance of further decline. Heavy token unlocks, low adoption, and weak utility are cited as the primary reasons for the bleak outlook, and market participants are advised to exercise caution.

Overall, the token’s price outlook remains negative, with no clear catalyst on the horizon to reverse the trend.