Overview
- PI jumped about 11% over 24 hours to trade near $0.099 on Monday with daily volume above $42 million and a market value around $1.08 billion.
- Traders are watching the confirmed Protocol v25 activation scheduled for July 22 because it will add BN254 cryptography and Poseidon hashing to support privacy-focused, zero-knowledge smart contracts.
- Technical indicators show early recovery signs with an RSI near 48, a slightly positive MACD histogram, and a falling-wedge chart pattern, but the move is not a confirmed reversal until PI holds above $0.10 and then clears $0.12.
- Supply-side risks are material: about 103.7 million PI tokens are set to unlock in July and a single on-chain wallet has accumulated more than 400 million PI, both of which could increase selling pressure.
- PI remains deeply weakened overall, down roughly 78% year-over-year and having hit an all-time low of $0.070979 on July 14, so sustained gains will depend on stronger volume, developer adoption after v25, and evidence that unlocks are being absorbed.