Is Pi Network quietly running out of sellers, or is the slide simply not over yet?
PI has spent more than a year grinding lower from its launch highs, and the weekly chart is now squeezing into a tight pattern that traders usually watch closely.
This Pi Network Price Prediction 2029 outlook covers the current price, supply data, one fresh headline, and the weekly levels that shape the Pi Network forecast.
PI Price Today: Pi Network Market Snapshot
Per CoinMarketCap data, PI trades near $0.0823, down 0.39% on the day. 
Its 24-hour range ran from $0.07997 to $0.08283, with a market cap near $925.8 million and a fully diluted valuation of $8.23 billion on the 100 billion max supply.
Circulating supply is 11.24 billion PI. CoinMarketCap lists an all-time high of $2.98 from 26 February 2025, so the token sits about 97% below it, and an all-time low of $0.07072 from 14 July 2026, which means the price is only about 16.7% above its floor. 
Per DefiLlama data, PI is near $0.082 with a 24-hour volume of $23.01 million and an open interest of $13.79 million. The derivatives market is small.
Pi Network Mainnet Metrics: How Much Supply Is Still Locked?
According to the Pi blockchain explorer, migrated mining rewards total about 11.24 billion PI, which is the current circulating supply. 
Of that, roughly 6.09 billion PI is still locked, and about 5.15 billion PI is unlocked.
So more than half of migrated rewards is still locked, and the effective total supply is listed at about 17.30 billion PI.
Locked mining rewards keep float limited today, but they also mean future unlocks remain part of the long-term picture.
PI Underperforms the Market Over the Past Month
Per an X post by BSCN, PI is down more than 13% over the past month, while Bitcoin is up nearly 5% and altcoins like LINK and BNB have also gained. 
The post says the reason behind PI's weakness in 2026 is not clear, but it could push a reassessment of the project's core tokenomics.
That lines up with the weak chart and the unlock questions above.
Pi Network Weekly Chart Analysis:
On the weekly chart from TradingView, PI has been moving inside a falling wedge for more than a year. 
This pattern forms when both the upper and lower trendlines slope down but squeeze toward each other, which usually means each new leg lower is weaker than the last.
That is why traders often read it as selling pressure fading, and a break above the upper line, ideally on rising volume, is the classic signal that a reversal may be starting.
Right now PI is sitting at the very tip of that squeeze, trading near 0.0822 and pressing against the upper line after a weekly dip of about 5.8%.
A confirmed weekly close above the line would open the first zone at 0.135509. Beyond it sit 0.296776, 0.402349, 0.517044, and 0.670445.
The base is key support at 0.067604, just below the all-time low area, and a weekly close under it would invalidate the pattern.
RSI is at 30.49, which is close to oversold territory, so selling momentum is stretched, but a bounce is still unconfirmed until the wedge breaks.
Pi Network Price Prediction 2029: Can PI Reach $1?
$1 is a very ambitious long-range case. From $0.082, it means about 12x, which implies a market cap near $11.2 billion on today's circulating supply and about $100 billion if the full 100 billion supply were counted.
The path needs a confirmed wedge breakout, a clean move through 0.135509, and real demand to absorb future unlocks.
Key Risks for PI Holders
A weekly close below 0.067604 would break the wedge and put new lows in play.
The token has lagged Bitcoin and several altcoins over the past month, and the locked mining rewards leave future supply pressure on the table. Derivatives activity is small, so momentum can fade without much leveraged support behind a bounce.
Analyst Desk Opinion on Pi Network
As per the analyst desk, PI is at a decision point, with the weekly wedge nearly out of room and RSI deeply weak.
A breakout above the upper line would be the first real sign of a trend change, while a break of 0.067604 would flip the focus to downside. Until then, patience beats prediction.
Conclusion
PI is pressing against the top of a long falling wedge with sellers looking tired, but nothing is confirmed yet.
For an earlier outlook, check our Pi Network Price Prediction 2028 and see how PI’s key levels and market trend have evolved.
Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency prices are highly volatile, so do your own analysis before making any investment decision.
