What next for the Pi Network price ahead of the 134M unlock in January?

The Pi Network price has moved sideways over the past six days as demand waned and traders waited for another large token unlock in the new year.

Pi Coin (PI) token was stuck at $0.2025, down by more than 93% from its all-time high. Its liquidity has largely dried, with trading volume falling to $10 million, a small amount for a cryptocurrency valued at over $1.6 billion. 

Pi Network price will react to the upcoming token unlocks in January next year. Data shows that 134 million tokens worth over $27 million will be unlocked in January.

While that is a big number, it will be much lower than the 190 million tokens that were unlocked in December. Most importantly, the pace of unlocks will continue falling in the first half of the year, which will lead to a lower inflation rate. 

Meanwhile, Pi Network’s team is working on several initiatives to boost its price over time. It has already invested in two companies — CiDi Games and OpenMind — using part of the $100 million ecosystem fund launched in May this year.

Additionally, they are currently running a trial of their decentralized exchange and automated market maker tools, with the mainnet scheduled to launch in 2026. The goal of this platform is to provide greater utility to the Pi token and potentially increase its price over time.

The developers also recently held a hackathon at which they pitched their ideas. Blind Lounge, a privacy-first social and dating platform in which users connect anonymously and then connect when they mutually agree, was the winner. 

Starmax, the second-place winner, is a loyalty app that enables companies to offer loyalty programs using the Pi token.

Pi Network price technical analysis 

The three-day timeframe chart indicates that the Pi token price has been sideways over the past few days. It has remained at the key support level at $0.2021, its lowest level on Nov. 3, and the neckline of the double-top pattern at $0.2823.

The token has remained below the 50-day Exponential Moving Average (EMA), while the Supertrend indicator has turned red. 

Therefore, the most likely Pi Coin price forecast is bearish, with the next key support level to watch being at $0.1514, its lowest level in October and its all-time low. This price is about 25% below the current level.