Pi Network Signals Second Mainnet Migration in 2025
Pi Network has signaled the possibility of a second mainnet migration in 2025. Community moderators explained that the move would aim to fix delays in referral bonuses and address unresolved token balances for users who already passed KYC verification. Many users have reported that part of their earned Pi remains locked in the system. A new migration step could unlock these coins and make them available for transfers and usage within the ecosystem.
The network has already completed its first mainnet migration, but ongoing issues with pending rewards and incomplete transfers have pushed developers to consider another round. This approach highlights the project’s attempts to resolve long-standing user concerns before scaling further.
Investor Interest Builds for September
Despite technical hurdles, analysts are placing Pi Coin in the spotlight as September approaches. Alongside Remittix (RTX) and XRP, Pi Coin is being tracked as a potential token for short-term growth. Market researchers note that attention is shifting from older tokens to emerging projects that combine community scale with planned technical updates. The renewed focus reflects how Pi Coin’s large global user base continues to draw coverage, especially when linked with system-wide updates such as token migrations. Analysts suggest that broader awareness could translate into increased participation in the ecosystem once migration issues are resolved.
Sentiment Shows Mixed Picture
Recent data highlights a clear contrast between sentiment and technical indicators in Pi Coin’s market. On one side, investor confidence has dropped to a four-month low, with many users cautious due to unresolved migration challenges and delays in ecosystem utility. This decline in sentiment reflects the hesitation of participants awaiting clarity on when pending rewards and balances will become usable. On the other side, technical signals remain active. The Chaikin Money Flow (CMF) index, shown in the chart, fluctuated above and below the neutral zero line in recent weeks. Despite moving into negative territory at times, the indicator still shows phases of consistent inflows, suggesting that capital continues to circulate into Pi Coin. This pattern indicates that while confidence is muted, the token retains underlying financial support.
This divergence underscores a market caught between uncertainty and resilience. Developers continue to work on migration fixes, while analysts place Pi Coin among tokens that could gain momentum as the fall season approaches.
Pi Coin Price Stays Under Pressure
Pi/USD4-hour chart shows that the token remains in a clear downtrend, with the red trendline marking a sequence of lower highs since late June. Every recovery attempt has faced rejection near this descending resistance, reinforcing bearish control.
The 50-period Exponential Moving Average (EMA), shown in blue, has consistently acted as a ceiling. Price action remains below the EMA at $0.3788, signaling that momentum is still weak. Each approach toward the EMA triggered selling, keeping Pi Coin locked in a downward trajectory. Trading volume spikes highlight where sellers dominated. Notably, strong selling days around July 28 and August 13 came with large red candles and above-average volume. These bursts confirm that bears continue to use rallies as exit points. On the other hand, green volume surges, such as on August 10, show that buyers attempted short-term rebounds, but these lacked the strength to break the broader downtrend. At the current level of $0.3552, Pi Coin trades below both the EMA and the descending trendline. This positioning reflects persistent selling pressure, limited demand, and market hesitation while the network works on migration and utility challenges.
Pi Coin RSI Points to Weak Momentum
The Relative Strength Index (RSI) for Pi Coin shows the token is struggling with weak momentum. The current RSI level stands near 31.78, which places it just above the oversold threshold of 30. This signals that sellers have dominated in recent sessions, pushing the token into a vulnerable position.
Earlier in August, the RSI spiked above 70, entering overbought territory. That surge was followed by a swift reversal, confirming that buyers quickly lost control after short-lived rallies. Since then, RSI values have trended downward, consistently moving below the neutral 50 line. This shift highlights that selling pressure remains stronger than buying demand. The RSI’s moving average, now at 38.14, also points lower. The divergence between the RSI line and its moving average reinforces the ongoing bearish momentum. Until the RSI recovers above 40–50, Pi Coin is likely to stay under pressure, reflecting cautious market behavior and unresolved technical challenges.
Pi Coin MACD Confirms Bearish Momentum
The MACD indicator for Pi Coin shows that momentum has shifted back to the downside. The MACD line (blue) has crossed below the signal line (orange), creating a bearish crossover. This suggests that selling pressure is increasing while buying momentum continues to weaken.
The histogram bars, which track the distance between the MACD and signal lines, recently turned red. These negative readings confirm that the market has lost upward momentum and is now in a bearish phase. The size of the bars also shows that the gap is widening, meaning downside momentum is strengthening. Looking at past movements, Pi Coin experienced several bullish surges when the MACD crossed above the signal line, such as on July 10 and August 8. However, each of these rallies proved short-lived, followed by deeper pullbacks. The latest crossover suggests a repeat of this pattern, with sellers regaining control after temporary rebounds. At present, both MACD values remain below zero, which indicates that the broader trend is still negative. Until the MACD rises back above the baseline and forms a bullish crossover, Pi Coin’s market outlook will likely stay weak.