The price of Pi Network is approaching a breakout as key fundamentals align.

The price of Pi Network could be on the verge of a major movement in December as a symmetrical triangle pattern approaches its confluence and key fundamentals align.

Pi Coin traded at $0.2320 today, December 2, its lowest level since November 21. This price is ~51% higher than its lowest level this year, giving it a market capitalization of nearly $2 billion.

Several important fundamental factors could drive the price of Pi Network in the short term. One of them is that the token unlocking schedule will significantly slow down over the next seven months.

Data from PiScan shows that the network will unlock 190 million tokens this month. Subsequently, these unlocks will gradually decrease until June of next year, when 76 million tokens will be released. The drop in token unlocks is a bullish factor for a cryptocurrency, as it indicates reduced inflation.

Pi Network will also launch its decentralized exchange platform, automated market maker, and token generation, which is already in its test network. Once launched, it will be possible to generate tokens, provide liquidity, and trade them on the network, which will increase the utility of the Pi token.

Meanwhile, the price of Pi Network will also benefit from the potential decision on its MiCA application, which will allow cryptocurrency exchanges in the European Union to include the token.