Can Pi Network(PI) Bounce +15% From PRZ?In recent days, Pi Network ( OKX:PIUSDT ) has dropped more than -40% , raising the big question: Is Pi still a project we can rely on, or is momentum fading away?
Main Reasons Behind the Drop:
1-Mass token unlocks in September → Huge increase in supply created heavy selling pressure.
2-Rising exchange reserves → More than 420M now sitting on CEX wallets, a sign of potential sell waves.
3-Fast-track KYC & protocol upgrades → Gave many users access to their tokens, fueling more selling activity.
4-Low liquidity + whale sell-offs → A few large orders accelerated the decline.
The Pi community remains strong, but current supply shocks are outweighing demand. Until the project reaches full exchange listings and sustainable utility, traders should stay cautious and manage risk carefully.
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Now let’s take a look at the PI Token chart on the 15-minute time frame .
The PI Token has formed a descending channel over the past day.
From the perspective of Elliott Wave theory , it looks like PI Token is completing a Double Three Correction(WXY) in the descending channel .
I expect PI Token to start rising as it enters or touches the Potential Reversal Zone(PRZ) again and rise to $0.289(+15%) . In general, a break of the upper line of the descending channel is a good sign for the PI token to rise .
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Pi Network Analysis (PIUSDT), 15-minute time frame.
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