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Pi Network currently has a market value of $1.72 billion, representing an increase of 0.65% through the last session, according to CoinMarketCap. During this period, Pi Token's price increased by 0.62%, and its current market rank is 42.
As prices increased, trading activity declined; in fact, Pi Token's 24-hour trading volume fell to $17.21 million, down 15.93%, indicating less interest from traders in the very short term.
There were no changes in supply metrics. Pi Network has a maximum and total supply of 100 billion tokens, with 8.36 billion Pi circulating. This asset has a full-dilution value of $20.6 billion. The current volume-to-market-cap ratio is 0.9991%, meaning there has been light turnover. The score for this project on the profile score is 73 percent.
According to intraday charts, Pi has been experiencing downward movement towards the $0.200 level before buyers took over. From there, the recovery has been slow and the price remained stable close to $0.205 later in the day.
Because of this recovery toward the $0.21 range, where previously intraday highs were made, traders have continued to track that area closely since it had capped the upside of multiple attempts to move toward a new all-time high.
Due to the lack of stronger buying interest, price action has remained range-bound. Without any significant momentum to suggest otherwise, the short-term direction of this asset is uncertain.
Macro risks entered focus as analysts warned of a possible Bitcoin pullback following a Bank of Japan interest rate hike. The central bank has not raised rates in eleven months, making the decision closely watched.
Polymarket data showed a 98% probability of a hike. The odds climbed after comments from Governor Kazuo Ueda and inflation data showing prices remained elevated.
In an X post, crypto analyst Ali Martinez said Bitcoin appeared to be forming a bearish flag pattern. He projected a possible drop toward $70,000, a 21% decline that would push Bitcoin below its April low of $74,400.
Historically, Bank of Japan rate hikes have coincided with Bitcoin pullbacks as yen-funded carry trades shift. When borrowing costs rise, risk positions often unwind.
For Pi Network, this backdrop raised downside risks. Analysts noted that altcoins typically weaken during steep Bitcoin sell-offs. Liquidity trends added to caution, as exchange balance changes above 10% often align with sharp price moves.
Recent Pi outflows suggested a shift in liquidity dynamics. If holders locked tokens instead of selling, exchange pressure could ease. Still, Pi recorded a 25% decline over the past 20 days and struggled to break resistance.
Analysts warned that without renewed buying interest, Pi could test lower levels near $0.180 as broader macro pressures continue to shape market behavior.
Also Read: Pi Network Announces Winners of Its First Open Network Hackathon
Pi Network price holds near $0.206 as trading volume declines and supply metrics remain unchanged. Key resistance stays between $0.21 and $0.22. At the same time, rising Bitcoin price risk tied to a Bank of Japan rate hike keeps short-term sentiment cautious across the crypto market.
