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Pi Network (PI) has extended its downward trajectory, slipping below the $0.70 mark as bearish momentum dominates the market. The token has now plummeted by 20% over the past week, struggling to find support amid broader crypto market uncertainty. With sellers maintaining control, PI continues to form lower lows, signaling potential further downside in the near term.
Pi Network Price Nears All-Time Low
The latest drop has brought Pi Network dangerously close to its all-time low of $0.6152, recorded in February 2025. This represents a staggering 77% decline from its all-time high of $2.98, reached just over a month ago. As a result, the token has lost over $14 billion in market capitalization, shrinking from nearly $20 billion to just $4.66 billion.
The sharp sell-off is attributed to increasing token supply pressures. Over the next year, 1.5 billion PI tokens are set to be released, expanding the total circulating supply to 8 billion. July will see the largest monthly unlock of approximately 233 million tokens, exacerbating inflation concerns and dampening investor sentiment.
Lack of Major Exchange Listings Weighs on PI’s Price
Despite having a strong community, Pi Network still lacks listings on top-tier exchanges such as Binance, Coinbase, Kraken, and Bybit. The absence of mainstream exchange support continues to limit liquidity and suppress demand, making it challenging for the token to recover from its ongoing slump.
Will Pi Coin Drop to $0.50?
As of now, PI has fallen to $0.6729, approaching a crucial support zone at $0.65. Technical indicators signal sustained bearish pressure:
- MACD Indicator: The MACD remains in negative territory, with the signal line positioned above the MACD line, reflecting weak upside momentum.
- RSI Levels: The Relative Strength Index (RSI) hovers around 32.03, indicating near-oversold conditions but lacking strong buying activity.
A decisive break below $0.65 could push PI toward $0.61, a key structural and psychological support level. A drop below this mark would place PI in uncharted territory, potentially triggering a new all-time low.
For a reversal, Pi Network must reclaim $0.70 and push past $0.80. However, only a sustained close above $0.90 would confirm a shift in trend, providing bulls a much-needed lifeline. Until then, PI remains under intense selling pressure, with further declines possible in the days ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Pi Network Update, What’s Next for Investors as Pi Price Plummets?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
