Is Pi Network Facing a Tough January? 📉

#Pi Network price is under clear pressure this January as the broader crypto market turns volatile. But unlike pure sentiment driven drops, Pi’s weakness is structural and driven mainly by supply dynamics rather than panic selling.

What’s weighing on Pi?

🔓 Token unlocks continue to flood the market, with around 4.6M PI tokens added daily and another nearly 55M set to unlock by month end. This steady supply expansion keeps scarcity low and limits upside momentum.

🏦 Exchange balances remain elevated, with about 419M PI tokens held on centralized platforms, signaling strong sell side readiness whenever price attempts a bounce.

Why rallies fail to hold

Despite recent ecosystem payment upgrades, utility growth has not yet translated into immediate demand. Buyers remain cautious, knowing supply growth is mechanical and ongoing, not sentiment driven.

Technical picture stays bearish

📉 Price has lost its key $0.20 support, now acting as resistance.

⚠️ Weak rebounds suggest defensive buying rather than accumulation.

📊 Indicators point to bears in control, with downside risk toward the $0.15 zone if momentum continues.

Bottom line

Pi Network is going through a challenging January. Until token supply is better absorbed and exchange balances decline, the price structure remains fragile. A sustainable recovery will require real demand absorption, not short term hype.

Will Pi find stability soon, or is more downside ahead?