Pi Network Price Drops After CiDi Games Partnership
Pi Network (PI) fell 4% on Friday after three days of gains. The rise followed the announcement of a new partnership with CiDi Games on Wednesday. However, this pullback threatens to erase weekly profits. Large deposits of PI tokens appeared on Centralized Exchanges (CEXs). These moves come ahead of a planned unlock of 186 million PI tokens in December.
CiDi Games Partnership Expands PI Token Use
Pi Network partnered with CiDi Games to increase the PI token’s role in gaming. PI will be the main currency for payments and rewards in CiDi Games’ titles. CiDi Games also plans an open framework for Pi Network, set for initial testing in early 2026. Despite this, PI tokens saw a large influx into CEX wallets, rising to 1.71 million in 24 hours, showing traders’ declining confidence.
The token unlock in December will release 186 million PI tokens. This is 43% of the 431.48 million PI tokens currently available on exchanges. Token unlocks can lead to more selling, especially if investor confidence is weak.
Technical View: PI Struggles Near Key Support Levels
PI trades near $0.26 after falling 4% on Friday, wiping out most of Thursday’s 6.88% gain. A bearish close could end the short-term rebound. The 50-day Exponential Moving Average (EMA) at $0.2446 is an important support level. If PI falls below this, the price could drop further to $0.20, a key psychological level.
The Relative Strength Index (RSI) dropped to 61, showing less buying interest. The MACD indicator remains above zero but could soon signal a sell if the red line crosses below the blue line.
On the upside, a bounce could push PI toward the 100-day EMA at $0.2921. A further rise might test the August 1 low at $0.3220.
