Pi Network(PI)Why did it miss the alts Rebound opportunity in July? Analysis of three main reasons.

Despite the strong Rebound of the entire alts market in July 2025, the price of Pi Network (PI) has remained in a narrow fluctuation around 0.46 USD. For many Pi Pioneers, despite the overall rise of the market, Pi is "staying put", which raises the question: why is the price of PI not rising?

The following are the three core reasons why the Pi Network coin price remained stable during July, and why the anticipated rise in the market has not yet arrived.

1. Centralized exchange coin holdings surge, selling pressure rises

According to on-chain data from BeInCrypto, at the beginning of July 2025, the PI reserves on centralized exchanges (CEX) were 370 million coins, and just a week later, that number increased to 384 million coins. In just a few days, it grew by 14 million coins, indicating a clear upward trend in supply.

This means that the circulating supply of PI in the market has increased, leading to intensified selling pressure, which suppresses the coin price. Even though the entire altcoin market is rising, PI finds it difficult to follow the rebound.

2. Currently in a critical oscillation range, possibly the main force's "accumulation" phase

Despite the obvious selling pressure, the price of PI has not significantly dropped, indicating some buying support. Analyst Moon Jeff pointed out that the $0.40–$0.50 USD range is a typical "accumulation zone".

"I believe this is the accumulation zone for $PI, with 0.4–0.5 dollars being the accumulation range. From here, we might see the price hitting 1 dollar, pursuing new historical highs. Now is the time to buy."

The emergence of an accumulation zone usually signifies that long-term investors are quietly building positions, willing to absorb the short-term selling chips in the market in preparation for future breakthroughs.

3. Pi is still excluded from the "alts season"

Many people in the community believe that PI has not truly participated in the current "alts season". One reason is the significant difference between its user base and mainstream cryptocurrency investors.

Pi users mainly come from multi-level marketing (MLM) promotions, most of whom do not hold other crypto assets and lack active trading history. This has led to its coin price trend being "disconnected" from mainstream capital movements.

In contrast, most traditional crypto investors remain cautious about the Pi Network project, especially since the launch of its Open Network phase, with ongoing skepticism.

However, there are also different opinions. For example, user X Dao World stated that the price of Pi is actually still highly synchronized with the altcoin market.

"You can see from the K-line chart that the price of Pi fluctuates in sync with other alts. This indicates that there are market makers operating behind the scenes, and the price trend is closely related to the market rhythm... Stay calm and wait patiently."

Key Technical Support and Short-Term Price Outlook

According to BeInCrypto analysis, the current $0.4452 is a key support level. If it breaks below, it may test the $0.4001 level; however, if buying pressure increases, the price is expected to briefly rise to $0.49.

The price performance within this range will determine whether Pi can welcome a real breakout market.

As of July 15, Gate market shows that PI is temporarily priced at $0.45396, with a 24-hour decline of 3.25%.