Pi Network (PI) price stuck in $0.12–$0.20 range through 2026 amid token unlocks and weak demand

Pi Network (PI) is trading around $0.19 with a market cap near $1.88 billion, but most quantitative models predict it will remain in a narrow $0.12–$0.20 range through 2026. The price is pressured by upcoming token unlocks releasing millions of tokens, limited exchange listings, and soft demand, which cap significant price gains despite the project's ongoing mainnet and ecosystem development. Forecasts vary, with some models slightly bearish and others more neutral, but the consensus is for modest downside or sideways movement. Future price improvements depend on broader exchange listings and increased real-world usage to absorb sell pressure and unlock supply.