#PI In the short term, Pi Network’s price is under bearish pressure and is likely to trend downward. In the medium to long term, there is significant divergence in outlook, mainly depending on the absorption of unlocked tokens, ecosystem development, and compliance progress, with possibilities of both volatility and rebound.
I. Short-Term Trend (Next 5 Days–December)
1. Current Price & Short-Term Forecast: As of December 6, Pi’s current price is about $0.222782, down 3.89% for the day. Over the next 5 days, it is expected to drop to $0.173823, a decline of about 23.23%. Market sentiment is bearish, with a Fear & Greed Index of 28 (fear). The overall December forecast is around $0.22187, likely maintaining a low-level sideways trend.
2. Main Bearish Factors: 190 million Pi will be unlocked in December (23% of circulating supply). Historically, previous unlocks have led to 20% drops. Current trading volume is down 5.24% month-over-month, indicating weak demand. Technically, the price has broken a 7-month uptrend line, RSI shows bearish momentum, and if the $0.22 support breaks, it could trigger a sell-off down to $0.18 (2025 low).
3. Weak Bullish Supports: December mining rate increased by 13.59% (the largest rise in two years), mainnet active nodes rose to 296 (a tenfold increase since March), and there is some foundation for long-term community confidence.
II. Key Medium/Long-Term Factors (After December–Early 2026)
• Bearish Risks: KYC migration deadline is February 28, 2026. Unmigrated balances (except mining from past 6 months) will be forfeited. If compliance rate is low, it could trigger market panic. Ecosystem developer activity lags behind peers, and app usage is insufficient to absorb new supply.
• Potential Bullish Factors: Advancing EU compliance; if Pi is successfully listed on regulated exchanges, it could attract institutional funds. Mainnet plans to integrate the V23 large model and upgrade ecosystem infrastructure, potentially boosting converter efficiency by 300% and improving long-term token utility. Partnerships in gaming and payments, if realized, could create real-world token use cases and help offset unlock pressure.
III. Three Possible Scenarios
• Bearish Scenario: Unlock selling pressure plus ecosystem stagnation breaches the $0.20 support, pushing price down to the $0.15–$0.18 range.
• Neutral Scenario: Market prices in unlock expectations early, with price fluctuating between $0.20–$0.28, awaiting compliance or partnership catalysts.
• Bullish Scenario: Compliance achieved plus major partnerships, demand surges, price breaks $0.28 resistance, and targets $0.36 or higher.
The cryptocurrency market is highly volatile. The above forecasts are based on current data, but actual trends are subject to multiple variables including regulations and market sentiment. Please assess risks carefully before investing. Would you like me to compile a timeline of key Pi events in December (such as unlocks, KYC deadlines, etc.) for your real-time tracking?