Pi Network Price Prediction: PI Whale Reduces Sell Pressure, Exchange Reserves Decline Releases Bullish Signal

Pi Network (PI) has been in consolidation for two consecutive weeks, but on-chain data shows that whale holdings are increasing and exchange reserves are decreasing, which may lay the foundation for the next wave of pump. If retail investor demand continues to strengthen, PI is expected to challenge the 0.37 USD resistance level.

Key Actions During Consolidation Period

As of September 10, the PI price is $0.34, with a slight increase of 0.5% during the day, continuing its sideways trend. Over the past two weeks, the token has remained stable within a broader downtrend channel, with market sentiment relatively cautious.

Whale accumulation + CEX reserves decrease

According to PiScan data, at the beginning of the week, a large holder withdrew 3.73 million PI from a large CEX exchange, increasing the total Holdings to 371 million.

At the same time, the centralized exchange (CEX) wallet reserves decreased by 2 million PI within 24 hours, indicating that more tokens are flowing into cold wallets or long-term holders. Historical experience shows that when exchange reserves decline, the market supply pressure eases, often accompanied by an increase in retail investor demand.

Technical Signals: Bullish and Bearish Intertwined

RSI (Relative Strength Index): Currently at 44, still below the midpoint, indicating limited buying momentum.

MACD (Moving Average Convergence Divergence): Staying above the signal line, momentum bars continue to grow, releasing potential bullish signals.

If retail investor funds further drive the price up, PI is expected to reach the upper resistance trend line of 0.3700 USD.

Upward and Downward Market Scenarios

Bullish target: After breaking through $0.37, market sentiment may quickly turn optimistic, initiating a new round of pump.

Bearish risk: If it breaks below the August 1 low of $0.3220, it could trigger a new round of selling, further probing the $0.3000 level.

Investor Observation Highlights

In the short term, changes in exchange reserves and the movements of Whale wallets will be key indicators to observe. If CEX reserves continue to decline and the MACD remains upward, the PI may welcome a breakthrough opportunity; conversely, if the RSI continues to languish and breaks through key support, caution should be taken regarding the risk of a pullback.

Conclusion

The current market structure of Pi Network shows that although the price is still consolidating, the decrease in supply-side pressure and the accumulation by whales provide conditions for a potential pump. For investors, the trading volume and technical breakthroughs in the next few trading days will determine whether PI continues to consolidate or迎來 “roaring moment”. Will aPI迎來 breakthrough opportunities? The reduction in selling pressure from whales and the decline in exchange reserves release bullish signals.