Pi Network’s SLICE testnet launch is a real ecosystem upgrade, but it’s not the kind of thing that suddenly rescues PI from weak price action. The project can polish its Launchpad all it wants; the market still cares more about demand, trend, and a heavy supply overhang.
- SLICE is testnet-only, useful for Pi’s ecosystem, not a direct PI demand driver.
- PI remains technically weak, the chart still shows a downtrend and fading momentum.
- Unlocks are the bigger problem, new supply can keep pressure on price if demand stays thin.
Pi Network said on X that “Pi Launchpad has completed the distribution of its second Testnet token, SLICE!” The official account, @PiCoreTeam, also posted: “Explore the post-launch experience and see how liquidity pools work through the new price tracking feature!”
That sounds like progress, because it is. Pi Launchpad now shows details like allocation data, launch and effective token prices, access to the SLICE liquidity pool, and a chart tracking SLICE price changes against Test-Pi. Pi Network also says Pioneers can use the Pi mining app to learn more about how the launch and liquidity mechanics work.
Here’s the part PI holders should care about: SLICE is a Testnet token. It exists to test the Launchpad experience, refine participation mechanics, and improve the product before anything broader happens. It is not a live mainnet asset, and it does not automatically create demand for PI. Ecosystem progress is good. A fresh wave of PI buyers is something else entirely.
Pi Network says this is the second testnet token launch on Launchpad, and the first one gave the team useful data on where the experience needed work. The updated flow is now centered on the commitment amount and the fair-access hold.
In plain English, that means Pi is trying to make participation clearer and less chaotic. The goal is to reduce the usual crypto nonsense where the biggest wallets muscle their way to the front while everyone else gets crumbs. A rare attempt at fairness in crypto? Miracles do happen.
The launch may also help Pi Network prove that it is building around actual usage, not just slogans. That matters. But it still does not mean SLICE itself will push PI higher this week, or even soon.
That skepticism is backed up by the market setup. On the 4-hour PI/USDT chart, the trend still looks bearish, with lower highs and lower lows since late April. The price is around $0.0837, while the declining 200-period moving average sits near $0.159.
For traders watching the chart, the key levels are straightforward. Support is around $0.080-$0.082. If that gives way, the next downside targets are $0.070-$0.073, followed by $0.065. Immediate resistance sits at $0.090-$0.095, with heavier supply between $0.100 and $0.105. A larger move would need to clear $0.120-$0.130.
The momentum picture is still soft. The 14-period RSI is around 37. RSI, or Relative Strength Index, is a momentum gauge: below 50 usually signals weakness, and near 30 is often considered oversold. For bulls to regain some credibility, RSI would need to recover back above 45-50. If it slips below 30, that would usually line up with another sharp leg lower before any real recovery.
The recent bounce from roughly $0.072 toward $0.098 also failed to produce a higher high. That matters because a bounce in a downtrend is not the same thing as a reversal. Sometimes a rally is just a rally. Sometimes it’s a dead-cat bounce dressed up for social media.
Volatility has cooled somewhat compared with the heavy selloff earlier in July, which points more toward consolidation than immediate panic. The most likely near-term range is probably between $0.080 and $0.095. If PI can break above $0.095-$0.100 with volume and RSI moves back above 50, a push toward $0.110-$0.120 could follow. If $0.080 fails, the next stop is likely $0.070.
Then there’s the supply side, which is where the market gets less forgiving. The notes point to over 127 million PI tokens scheduled to unlock in the coming weeks, and roughly 1.21 billion PI expected to unlock during 2026. Unlocks matter because they increase circulating supply. If demand does not absorb that extra supply, price usually feels it. That is not doom-mongering. That is how tokenomics works when the market is sleepy and the unlock machine keeps humming.
That’s why the SLICE launch is best understood as an ecosystem event, not a market catalyst. It may improve Launchpad usability, help Pi Network test liquidity mechanics, and give the community something concrete to engage with. It does not, by itself, change the supply-demand imbalance facing PI.
Pi Network deserves credit for building something more structured than the usual vaporware-and-hype routine. The revised flow, the new price tracking feature, and the focus on fairness are all real product work. That’s better than another hollow “we’re building” post with no meat on the bones.
Still, the market is not grading Pi on effort. It is grading PI on demand versus supply. Right now, the chart is weak, the momentum is soft, and the unlock schedule is a headwind. SLICE may be good for the ecosystem. It is not, on its own, good enough to flip the price trend.
For a deeper community reference, the PI NETWORK WIKI!!! is often shared by Pi users looking to keep track of the project’s moving parts, though like any community resource, it should be treated as a starting point rather than gospel carved into stone.
And for readers following broader PI coverage, this fits into a larger pattern: Pi Network upgrades Launchpad, but PI coin faces heavy pressure from supply. The product side is getting better. The market side still looks like it woke up cranky and stayed that way.
Key questions and takeaways
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Will SLICE move PI price this week?
Probably not in any meaningful way. It is a positive ecosystem update, but it does not create direct demand for PI, and the chart still looks heavy. -
What is SLICE?
SLICE is Pi Network’s second Testnet token. It is used to test Launchpad participation, liquidity pool mechanics, and the updated launch flow. -
Why does the Launchpad update matter?
It shows Pi is still refining its product and trying to make participation clearer and fairer. That helps the ecosystem, even if it does not instantly help PI’s price. -
What is the biggest risk for PI right now?
Supply. With over 127 million PI tokens scheduled to unlock in the coming weeks and about 1.21 billion PI expected to unlock in 2026, weak demand could keep pressure on price. -
What price levels matter most?
Support is around $0.080-$0.082. A break below that opens the door to $0.070-$0.073 and then $0.065. On the upside, PI needs to reclaim $0.090-$0.095 first. -
What would signal stronger buyers?
A move above $0.095-$0.100 with volume and RSI back above 50 would suggest buyers are regaining control. Until then, this looks more like consolidation than a clean reversal.
Pi Network is making real product improvements, and that should not be dismissed. But the uncomfortable truth is simple: better testnet mechanics do not erase bearish trend structure or a looming unlock wall. If PI is going to turn, it will need actual demand, not just another shiny launch to point at.
That’s also why any wild-eyed price prediction circus should be treated with caution. For example, pieces like Crypto Price Predictions: XRP, Pi Network, PEPE, and are worth scrutinizing with a very large pinch of salt, because the crypto content machine loves a moonshot more than it loves reality.
And if you want a reminder that Pi is still evolving as a network rather than some finished miracle product, Pi Network’s $100M Ventures Fund Raises Questions Over missing transparency is another piece of the puzzle worth keeping in mind. Progress is progress, but so is asking who gets to see the books.
Pi Network Upgrades Launchpad, but PI Coin Faces Heavy pressure sums up the current reality pretty cleanly: decent product movement, ugly tokenomics. That’s crypto in a nutshell, lots of innovation, and plenty of self-inflicted headaches.
