On Thursday, Pi Network's native token PI is up about 1.71%, holding above the $0.169890 mark. Two things are helping: coins are moving out of exchanges, and community sentiment has stopped swinging wildly.
In short, near‑term selling pressure might be easing.
Exchange Outflows: Coins Moving From Exchanges to Wallets
According to on‑chain data from PiScan, about 310,000 PI tokens were withdrawn from centralized exchanges in the past 24 hours.
That number isn't huge, but the direction matters. When tokens move from exchanges to personal wallets, it usually means holders aren't planning to sell anytime soon — they prefer self‑custody over keeping coins on a platform ready to dump.
From a supply‑demand perspective, fewer tokens on exchanges means less immediate sell‑side supply. As long as buying pressure doesn't collapse, prices tend to stabilize or inch up.
At the same time, Santiment data shows PI's social volume holding steady at 9, with social dominance at 0.014%. After weeks of sharp swings in community activity, this quietness is actually a good sign. It means retail interest hasn't fallen off a cliff, but the market is no longer being driven by extreme FUD or FOMO.
Technical Picture: The Bounce Is Real, But the Bear Trend Isn't Over
The price is recovering, but don't get too excited yet. PI remains below three major exponential moving averages:
-
50‑day EMA: $0.1786
-
100‑day EMA: $0.1881
-
200‑day EMA: $0.2399
Until it reclaims these levels, the broader trend is still bearish.
Short‑term momentum indicators are slightly more positive. The MACD histogram turned marginally positive after a bullish crossover on Wednesday. The RSI has climbed to 44 — out of oversold territory, though still below the neutral 50 level.
Resistance Levels to Watch
|
Level |
Significance |
|
$0.1730 |
February 25 swing high — the immediate ceiling |
|
$0.1786 |
50‑day EMA — a daily close above this would meaningfully ease downside pressure |
|
$0.1881 |
100‑day EMA — next target if recovery momentum builds |
Key Support
-
$0.1556 – February 23 low. If the current bounce stalls, this level needs to hold.
What to Watch Next
Whether PI can close a daily candle above $0.1730 is the first real test for this recovery. If it can't, the current move is just a consolidation within a broader downtrend, not a reversal.
A cleaner signal would be a break above the 50‑day EMA at $0.1786. That would indicate a genuine shift in sentiment.
On the downside, a return to $0.1556 would put the recent gains in doubt and likely reignite bearish momentum.
An Important Clarification
Some media reports claim that Pi Network launched its Open Mainnet in February 2025. That is not accurate.
Pi Network is still in Enclosed Mainnet phase. The official open mainnet has not yet launched. Users can use PI within the enclosed ecosystem, and some exchanges list IOU or futures contracts for PI, but these are not real spot trading on an open mainnet.
So when you see a "PI price," be aware that current prices come from futures or IOU products on a few exchanges. They may differ significantly from any future price after the real open mainnet goes live. Trading these IOUs is extremely risky and liquidity is limited.
If you are ready to explore this ecosystem further, you can create an account .New users may also want to explore any available welcome rewards and promotions as they begin their trading journey.
Frequently Asked Questions
What is Pi Network?
Pi Network is a cryptocurrency project that allows users to "mine" PI tokens via a mobile app without specialized hardware. The project aims to make crypto accessible to ordinary people. However, the mainnet is not yet fully open, and tokens are not freely tradable on a live open network.
Why is PI price going up today?
Two main factors: over 310,000 PI tokens left exchanges in the past 24 hours, reducing immediate sell‑side supply; and social sentiment has stabilized after weeks of volatility, reducing panic selling. Together, these give the price some breathing room.
What is the current Pi Network price?
As of Thursday, PI is trading just above $0.1700. For live prices, check CoinGecko or CoinMarketCap, but be careful to distinguish IOU prices from any real spot market.
What are the key resistance levels for PI?
Short‑term resistance is at $0.1730 (February 25 high), then $0.1786 (50‑day EMA), and then $0.1881 (100‑day EMA). A daily close above $0.1786 would be a reliable reversal signal.
What does a CEX outflow mean for PI price?
When tokens are withdrawn from exchange wallets, it generally means holders are moving assets into personal wallets rather than keeping them ready to sell. Large outflows can reduce immediate supply on order books, which — combined with steady or rising demand — tends to support price stability or modest gains. However, outflows alone are not a guarantee; they could also be users reorganizing their wallets.
Is Pi Network a good investment?
PI remains a high‑risk, highly speculative asset. The token is trading well below all major moving averages, and the broader trend is bearish. Additionally, the open mainnet has not yet launched, and current trading volume is based on IOU products from a few exchanges with limited liquidity. Any investment decision should account for your own risk tolerance, and this article does not constitute financial advice.
