#PI Pi Coin's short-term price outlook is bearish, facing risks from unlock-induced sell pressure and technical support breakdown; the medium- to long-term trend depends on mainnet migration progress, ecosystem implementation, and a rebound in market sentiment. There is potential for a price rebound, but uncertainty remains extremely high.

I. Short-term Trend (1-3 months, Bearish Bias)

1. Core Pressure: Token Unlocks and Capital Outflow: In December 2025, 190 million Pi Coins will be unlocked (about 23% of circulating supply). Historically, prices tend to fall after unlocks. Additionally, recent net inflows to centralized exchanges are less than outflows, leading to persistent selling pressure.

2. Weak Technicals: The price has broken below a 7-month uptrend line and is currently testing the $0.22 support level. A breakdown could trigger cascading sell-offs, potentially dropping to $0.15–$0.18. Resistance at $0.25–$0.28 has been repeatedly rejected, leaving little momentum for a short-term rebound.

3. Depressed Market Sentiment: The Crypto Fear & Greed Index is only 25–28 (extreme fear). Funds favor Bitcoin, while altcoins like Pi Coin lack capital support.

II. Medium- to Long-term Trend (1 year and beyond, Divergent Outcomes)

Bearish Case: Ecosystem development is lagging, developer activity trails similar projects, and insufficient application adoption struggles to offset token inflation. If mainnet migration compliance is low, a large volume of tokens could further impact the price.

Bullish Case: A user base of over 50 million provides a foundation for ecosystem growth. If KYC progresses in sync and more dApps launch, token utility could increase and drive value recovery. After mainnet unlock and listing on major exchanges, liquidity and valuation might be reassessed. The current price is relatively low, allowing for speculative rebound potential; institutional accumulation at a low price could trigger a contrarian rally.

III. Key Impact Points

1. In the short term, watch whether the $0.22 support holds and how quickly selling pressure is absorbed after the December unlock.

2. In the medium term, closely track the KYC migration completion rate in 2026, as well as the number of ecosystem applications that go live.

3. In the long term, the core focus is on the timing of mainnet unlock and progress toward listings on major exchanges.

Pi Coin price volatility is influenced by multiple factors including the broader crypto market environment and project developments. Speculative risk is extremely high—decisions should be made carefully, considering your own risk tolerance. I can help you compile recent key news updates on Pi Coin to keep you informed about project progress in real time. Would you like that?