Pi Network dips as gaming partnership influence wanes forward of December token unlock

Pi Network (PI) is down 4% by press time on Friday, after three days of an uptrend fueled by the CiDi Games partnership announcement on Wednesday. The intraday pullback dangers erasing this week’s positive factors as Centralized Exchanges (CEXs) witness massive deposits forward of the scheduled unlock of 186 million PI tokens in December. 

CiDi Games’ announcement loses its allure forward of the December token unlock

Pi Network’s partnership with CiDi Games expands the real-world utility of the PI token within the gaming business. Building on the cell mining cryptocurrency, the PI token will now function the first forex for funds, transactions, and incentives throughout CiDi Games’ titles. 

Beyond this, an open framework is within the works by CiDi Games to increase Pi Network, which is scheduled for preliminary testing in early 2026. 

However, the intraday pullback in PI aligns with a surge in CEXs’ pockets balances, reaching 1.71 million tokens over the past 24 hours, indicating massive deposits from merchants dropping confidence. 

The sudden provide shock after the gaming growth enhance aligns with the upcoming 186 million PI tokens to be unlocked in December, which accounts for 43% of the overall provide of 431.48 million PI out there on CEXs. Typically, token unlocks can enhance promoting stress when traders’ confidence is low.

Pi Network loses energy close to the 100-day EMA

Pi Network trades close to the $0.2600 mark after a 4% drop by press time on Friday, practically erasing the 6.88% positive factors from Thursday. A bearish near the day would mark the tip of the short-term restoration run, threatening the reclaimed 50-day Exponential Moving Average (EMA) at $0.2446.

If PI drops beneath $0.2446, it may additional lengthen the pullback to the $0.2000 psychological stage. 

The technical indicators on the each day chart counsel that purchasing stress has cooled, because the Relative Strength Index (RSI) has dropped to 61, signaling a retracement from the overbought territory. 

However, the Moving Average Convergence Divergence (MACD) and sign line are holding regular above the zero line. If the pullback extends, the pink line may cross beneath the blue one, triggering a promote sign.

Looking up, a possible rebound in PI may check the 100-day EMA at $0.2921, adopted by the August 1 low at $0.3220.