#PI On December 5, 2025, the price of Pi Network (PI) was approximately $0.23. Its subsequent trend will be influenced by the key event of 190 million tokens being unlocked, as well as factors such as ecosystem development and market environment. There are three possible scenarios: bearish, neutral, and bullish, detailed as follows:

1. Bearish scenario: The current Fear and Greed Index for the cryptocurrency market hovers at 20 (extreme fear). After the unlocking of 190 million tokens, if the market cannot absorb the increased supply, early users are highly likely to sell en masse. If the price falls below the key support level of $0.20, it may trigger a chain reaction of sell-offs, with the price possibly dropping to $0.18 or even $0.15.

2. Neutral scenario: If the market has already priced in the unlocking news, and Pi’s ecosystem continues to make progress in application adoption and compliance, the price will most likely remain stable. It is expected to fluctuate within the $0.20 - $0.25 range, finding it difficult to break through the key resistance at $0.28, while also holding above core support levels.

3. Bullish scenario: If Pi achieves a breakthrough in compliance applications in the EU, or if partnerships in gaming and payment sectors bring substantial real-world demand, the price could break through the $0.28 resistance. If demand far exceeds the increased supply, the price could subsequently surge to $0.36 or even higher. Additionally, if the overall cryptocurrency market rebounds, Pi is likely to follow the upward trend.

Additionally, as of 10:32 AM on December 5, PI’s 24-hour high was $0.23454, the low was $0.2288, and the trading volume was 2,186,800. The short-term price fluctuations are relatively small, and this stability adds a certain level of uncertainty to its subsequent trend.