Pi Network (PI) Price Prediction: Can Coin Unlock Events Affect Market Stability?

April proved exceptionally challenging for the Pi Network price, with the token losing over 16% since the beginning of the month. While other assets like Bitcoin, Fartcoin, and Solana saw rallies, Pi's performance lagged significantly.

This downturn was largely driven by early adopters triggering a broad sell-off after the mainnet launch, selling their large pre-launch token holdings to lock in profits. The resulting supply glut collided with weak demand and a heightened selling pressure, pushing prices even lower.

Lacking any positive developments or favorable news flow, bearish sentiment dominated and prevented Pi from joining broader market recoveries. Despite this, cautious optimism exists that a listing on the HTX exchange could reverse this downward trend. That platform launched a Pi Network IoU token in 2021 and remains a strong listing candidate.

That IoU token traded until February, sustaining community interest during a quiet period. Recent X posts have also hinted at an official Pi listing by HTX exchange. Follow-through could invigorate the market and broaden user access and lift the Pi Network price, perhaps only temporarily.

Is Pi Network Entering a New Trend or Still in Consolidation?

The Pi price action shows clear momentum shifts based on key technical indicators. The current 55 RSI appears to have just bounced from near the oversold territory, hinting at buying interest. This rebound implies recent selling exhaustion and validates the idea that buyers absorbed the dip. Likely, the oscillator neared or dropped below thirty before reversing upward. Such behavior signals a short-term shift in Pi Network price. Overall, the RSI supports a potential market change after a consolidation phase.

PI/USDT daily chart, published on TradingView, May 1, 2025

Based on the daily PI/USDT chart, the recent Pi Network price spikes have been accompanied by a rising ADX. This rise indicates a shift from range-bound to more directional behavior. Combined signals suggest the market moves from consolidation to active trading. Yet, now the ADX is declining again and now stands at nearly 39. As such, without definitive directional cues, traders should remain cautious. Watching both momentum and trend indicators in upcoming sessions is essential. Their interplay will confirm whether a sustained trend emerges.

Can Market Sentiment Shift The Price Action?

According to Wyckoff Theory, Pi appears to be in its accumulation phase with price trading in a tight range. During this stage, weaker holders reduce exposure while stronger investors increase positions. A subsequent breakout often follows, fueled by renewed buying interest and FOMO driven momentum.

Although Pi price action remains subdued lately, changing market sentiment or dynamics could trigger a reversal. However, dilution risks from upcoming Pi coin unlock events and scarce exchange listings warrant caution. Meaningful and lasting gains will depend on structural improvements and wider market support.