Pi Network (PI) Price Prediction: Concerns arise as the foundation transfers out 2.53 million Tokens, with high downside risks.

Pi Network (PI) price fell about 2% on Monday, failing to follow the overall Rebound of the crypto assets market. On-chain data shows that the balance in Centralized Exchange (CEX) Wallets surged to 401 million PI (accounting for 5.16% of Circulating Supply), with a net increase of 1.7 million in 24 hours, indicating strong selling intentions among investors. More notably, the Pi Foundation transferred out 2.53 million PI during the same period, exacerbating bearish sentiment in the market. Technically, PI failed to break through the key resistance $0.3642 (S1 pivot point), with the target pointing directly to the historical low of $0.3220 set last Friday (slightly above the S2 pivot point $0.3191). MACD has issued a sell signal, and RSI is deep in the Oversold zone, indicating high downside risk.

Surge in CEX Balances and Token Transfers from the Foundation Apply Pressure As signs of recovery emerge in the broader Crypto Assets market, the price of Pi Network (PI) is moving against the trend and declining. As of the time of writing (Monday), PI has fallen by about 2%, with selling pressure significantly increasing.

On-chain data (PiScan) shows that the total balance of PI Wallets on Centralized Exchanges (CEX) has surpassed 401 million coins, with a net increase of approximately 1.7 million coins in the past 24 hours. Currently, the holdings of CEX account for 5.16% of the PI Circulating Supply. Generally, an increase in exchange balances indicates higher selling pressure, suggesting that investors tend to take profits or stop-loss exit.

Among them, the net inflow of a certain Centralized Exchange leads, exceeding 2 million PI; while Gate has the largest holding, exceeding 193 million PI. What is even more concerning for the market is that the Pi Foundation has transferred out 2.53 million PI tokens in the past 24 hours. This action by the core team of the project is interpreted as a weakening of confidence, further exacerbating investors' risk aversion and leading to increased dumping pressure.

Technical deterioration, historical lows are at risk The current price trend shows that PI has failed to successfully break through the key resistance level of $0.3642 (the previous S1 support level has now turned into a resistance level). The price is currently testing the historical low of $0.3220 set last Friday, which is slightly above the S2 pivot support level of $0.3191.

If the price effectively falls below the S2 pivot point $0.3191, it may further probe the S3 pivot point $0.2372, indicating a deeper correction risk.

Technical indicators reinforce the bearish outlook:

• MACD (Moving Average Convergence Divergence): Last Friday issued a sell signal, indicated by the red histogram rising above the zero line, and the MACD line crossing below the signal line. As the moving averages move down into the negative territory, investors may increase short positions.
• RSI (Relative Strength Index): The daily chart reading is at 25, consolidating in the oversold area, indicating persistent strong selling pressure.

The Road to Recovery is Difficult To reverse the current fall and initiate an effective Rebound, the PI price must first reclaim the key psychological level $0.4000. This level was previously an important support level but was effectively broken last Friday, now turning into strong resistance.

Conclusion: The Pi Network is facing severe challenges, with a surge in balances on centralized exchanges coupled with the foundation transferring out tokens, significantly amplifying market selling pressure. Technical indicators are broadly bearish, with price targets pointing directly to historical lows. Until the critical resistance level of $0.4000 is successfully reclaimed, PI's downside risk will remain elevated. Investors should closely monitor the support strength near the S2 pivot point of $0.3191 to guard against the risk of a breakdown. On-chain data monitoring (especially the foundation's movements and CEX inflows) will be an important basis for judging changes in market sentiment.