Pi Coin Struggles at $0.34: Can Bulls Break Out After September’s Mining Rate Cut?
Pi Coin (PI) continues to tread water, consolidating near $0.345 despite multiple network developments. While the broader crypto market shows signs of speculative energy, Pi’s derivatives data reveals something different: open interest keeps declining, and hype within the community remains muted. For many analysts, that signals hesitation — investors are watching supply dynamics and waiting for stronger demand catalysts.
Unlock Headwinds Weigh on Sentiment
The Pi unlock schedule is one of the heaviest in the sector. Between September 3 and September 30, the network will release 145.7 million Pi tokens, valued at roughly $50 million. Key dates stand out:
September 6: 12.2M Pi unlocked (~$4.2M)
September 11: 9.9M Pi unlocked (~$3.4M)
Such concentrated releases create predictable sell-side pressure, keeping price pinned under resistance. Unless offset by whale accumulation or external demand — for example, through exchange listings — traders view unlocks as a near-term ceiling on Pi’s upside.
Ecosystem Updates: Accessibility and Stability
PiNet Debuts — Bridging Web2 to Web3
The most important development this week is the launch of PiNet, which lets users access Pi apps directly from mainstream browsers like Chrome, Safari, and Brave. Until now, Pi apps lived inside the Pi Browser. By expanding to Web2 access, PiNet reduces friction and opens the ecosystem to a wider audience, potentially accelerating adoption.
Coinciding with PiNet’s rollout, the Pi Core Team announced a 1.23% reduction in the base mining rate, lowering it to 0.0027405 π/hour for September 2025. At this pace, it takes 15 days to mine 1 Pi, or about 24 Pi per year without bonuses. The adjustment reflects Pi’s steady strategy to tighten emissions, gradually reinforcing scarcity even as unlocks add liquidity.
Wallet Fixes Amid LockupBoost Demand
High demand for LockupBoosts, which reward users for locking tokens, caused wallet access issues on the Mainnet. In response, Pi’s team issued quick fixes and guidance — from clearing cache to adjusting DNS settings — to restore wallet performance. While not flashy, such technical responsiveness is critical for maintaining trust during periods of ecosystem stress.
PIUSDT Technical Analysis: Compression Phase
Pi Price is following the Falling Wedge pattern — compressed, cautious, undecided. Price remains inside a downward parallel channel, boxed between $0.33 support and $0.39 resistance.
Support: $0.33–0.34 (critical to hold). A breakdown risks $0.30 or lower.
Resistance: $0.39–0.40. A breakout above this zone could trigger momentum toward $0.50–0.55 (Fibonacci retracements).
Indicators: RSI at 43.38 shows bullish divergence — downside momentum is weakening — but volume remains too light to confirm a reversal.
September is shaping up as a test of resilience for Pi Network. On one side, the 145M unlocks flood the market, putting near-term pressure on price. On the other, PiNet’s debut, mining rate cuts, and wallet fixes show that the ecosystem continues to expand and tighten its fundamentals.
The market’s verdict? Still cautious. Open interest is declining, hype is subdued, and traders are waiting for a catalyst strong enough to outweigh unlock-driven supply. For Pi, that could mean either a breakout above $0.40 with volume or a major demand shock from ecosystem apps, whale accumulation, or new exchange listings.
