bitget pi price analysis and outlook

Bitget PI price analysis and outlook is essential for anyone tracking the latest developments in the Pi Network ecosystem. As of October 8, 2025, Pi Network (PI) continues to face downward pressure, with its price hovering near $0.26. This article explores the current market structure, technical signals, and what traders and enthusiasts should watch for in the coming weeks on Bitget.

Recent Market Performance and Key Metrics

According to Coinmarketcap data reported on October 8, 2025, Pi (PI) ranked among the top five decliners in the crypto market, dropping 3.98% to $0.2381. Over the past week, PI has declined by 2.08%, trading at $0.2605 after a 0.11% dip in the last 24 hours. The circulating supply stands at 8.2 billion PI, resulting in a market capitalization of approximately $2.14 billion. Daily trading volume remains steady at $22.5 million, reflecting ongoing activity despite bearish sentiment.

Technical Structure: Support, Resistance, and Momentum

PI’s price chart reveals a persistent descending channel since April, with the token repeatedly testing both upper and lower boundaries. The current trading zone near $0.26 is close to the channel’s lower band, where buyers have previously attempted to defend against further losses. Immediate support is identified at $0.185, which aligns with the lowest Fibonacci retracement level. A breakdown below this threshold could expose PI to new multi-month lows.

On the upside, the first recovery target is $0.30, corresponding to the channel’s midline. A confirmed breakout above this level could trigger a short-term rally toward $0.535 and potentially $0.93, matching the 0.236 and 0.5 Fibonacci levels, respectively. The Relative Strength Index (RSI) currently sits around 30, signaling oversold conditions. Historically, this has led to brief relief rallies, but sustained recovery requires strong buying volume and a move above the channel’s upper boundary near $0.35.

Supply Dynamics and Unlock Schedule

One of the most significant factors influencing Bitget PI price analysis and outlook is the upcoming token unlock schedule. According to PiScan, approximately 119.4 million PI tokens—valued at over $31 million—will unlock in the next 30 days, with a daily average of 3.98 million PI. The largest single unlock event, totaling 9.18 million PI, is expected on October 11. This influx increases the risk of short-term oversupply, which may intensify downward pressure if demand does not keep pace.

Recent events, such as the reopening of PI withdrawals on certain platforms, have also contributed to volatility. For example, over 15.7 million PI tokens were withdrawn within 24 hours after withdrawal services resumed, yet prices failed to recover, indicating that many traders are preparing for potential declines rather than accumulation.

What to Watch: Key Levels and Market Sentiment

Heading into October, several price levels are critical for Bitget PI price analysis and outlook:

• Support: $0.22 (minor), $0.185 (channel base), and $0.165 (if selling deepens).
• Resistance: $0.30 (mid-channel), $0.535 (0.236 Fib), $0.93 (0.5 Fib), and $0.35 (major ceiling).

Maintaining support above $0.185 is vital to prevent a structural breakdown. Conversely, a move above $0.30 with strong volume could signal the start of a relief rally. However, the overall technical picture remains bearish, with weak buyer participation and sustained selling pressure dominating the trend.

Practical Tips and Risk Considerations

For users interested in trading PI, it is important to monitor unlock events and trading volume closely. Oversupply risk is elevated during large unlock periods, and technical indicators such as RSI can provide clues about potential short-term reversals. Always use secure and reputable platforms—Bitget offers competitive fees and robust trading features for PI Network tokens. For those managing PI assets, Bitget Wallet is recommended for enhanced security and user experience.

Further Exploration and Staying Informed

As the Pi Network ecosystem evolves, staying updated on market data, unlock schedules, and technical signals is crucial. Bitget provides real-time analytics and a secure environment for trading PI and other digital assets. Explore more Bitget features to optimize your trading strategy and manage your crypto portfolio with confidence.