Pi Network Price Prediction: 500 Million PI Massive Transfer Triggers Selling Panic, $0.3442 Support at Risk

On August 26, Pi Network (PI) reported $0.3354, with a decline of over 1%, continuing the bearish trend that started this week. As the Pi Foundation suddenly transferred 500 million PI Tokens, the market selling pressure intensified along with discussions on social media, and the PI price is approaching a critical support level, with investors worried it may hit a new historical low.

5 billion PI massive transfer raises market concerns

(Source: PiScan)

According to PiScan data, the Pi Foundation wallet transferred 100 million PI to different wallets five times on August 21, totaling 500 million.

Features: The initial balance of this wallet is 10 billion PI, this is the first withdrawal.

Background: Previously, the administrator hinted at entering the "second phase of migration", but this transfer has not been officially announced.

Market Interpretation: Due to the overlap of transfer time and price adjustment period, the market is concerned that this may be an early release of liquidity or preparation for subsequent dumping.

Social sentiment warms up

(Source: Santiment)

According to Santiment data, the social dominance score of PI has risen to 0.202%, above the 30-day average of 0.195%.

Interpretation: The large transfer event has sparked heated discussions within the community, increasing attention while simultaneously intensifying market uncertainty.

Technical Analysis: Support Level is at Risk

(Source: Trading View)

Key support: 0.3442 USD (August 5 closing price)

If it falls below: it may test 0.3220 USD (historical low on August 1), and even drop to the lower boundary of the descending channel at 0.2567 USD.

Technical indicators:

MACD: About to cross below the signal line or trigger a sell signal.

RSI: 38, still has room to fall, close to the oversold area

Trend structure: Prices continue to operate within a descending channel, with short-term pressure not diminishing.

Rebound Conditions and Upside Targets

If PI can hold 0.3442 USD and rebound:

First target: retest the 50-day EMA (approximately $0.4202), which is also the trend resistance of the descending channel.

Breakout conditions: It must be accompanied by an increase in trading volume and a warming of market sentiment to confirm a trend reversal.

Price Prediction and Risk Warning

Bearish scenario: falls below 0.3442 USD → tests 0.3220 USD → further probes 0.2567 USD

Bullish scenario: Hold support and break through $0.4202 → Expected to challenge the $0.45–$0.50 range

Risk factors: Foundation fund movement, macro market sentiment, liquidity changes.

Conclusion

Pi Network is currently under the dual pressure of technology and sentiment, with the massive transfer of 500 million PI becoming the trigger that undermines market confidence. In the short term, the support level of $0.3442 will be the core battleground for bulls and bears. If it falls below this level, PI may refresh its historical low. Investors need to closely monitor the foundation's movements and the technical defense situation, and respond cautiously to potential volatility.