- Pi Network’s price dropped more than 20% to $0.28, touching an intraday low of $0.22.
- The declines came amid a crypto market sell-off that saw Bitcoin fall toward $112,000.
- Key levels to watch in the coming weeks are between $0.28 and $0.22.
Pi Network (PI) plunged over 20% within 24 hours as a broad crypto downturn pressured major altcoins.
The PI token now trades around $0.28 after slipping below the important $0.30 threshold during Bitcoin’s sharp move down toward $112,000.
Is PI facing further losses amid this sector-wide sell-off, or can buyers defend critical short-term support levels?
Pi Network tumbles 20% to critical support
The Pi Network token fell more than 20% on September 22, 2025, and was trading at approximately $0.28 at the time of writing.
The token hit an intraday low of $0.22, marking a severe pullback for an asset that reached $1.24 in May and an all-time high of $3.00 in February 2025.
PI price chart from CoinMarketCap
These losses pushed the PI token into a critical support zone around $0.28–$0.30.
The sell-off occurred alongside a sharp rise in daily trading volume, suggesting heightened activity as buyers reacted to the drop while sellers targeted new lows.
The decline in Pi Network mirrors a brutal market correction.
Most major coins turned red as Bitcoin plunged toward $112,000 and the global crypto market lost over $1.7 billion in one of the steepest price contractions in months.
According to Coinglass data, more than $1.7 billion in liquidations were recorded across the crypto market within 24 hours.
Most of those liquidations—about $1.61 billion—were long positions, with roughly $85.8 million in short positions closed.
Bitcoin and Ethereum saw roughly $276 million and $483 million in 12-hour liquidations, respectively.
As Ethereum fell toward $4,100 (a decline of more than 6% on the day), other altcoins followed suit.
Solana dropped about 8%, XRP fell nearly 7%, and Dogecoin slid toward $0.23.
Despite earlier optimism, macroeconomic jitters prompted a bearish turn.
Analysts attribute the cascade of liquidations on leveraged positions to panic selling.
PI price outlook — near-term view
Market action suggests a cautious near-term outlook for Pi Network.
Technical indicators point to potential continued consolidation or a modest rebound if the current support holds.
Over the coming weeks, the key levels to monitor remain in the $0.28–$0.22 range, with subdued on-chain activity reinforcing that outlook.
A bullish reversal could occur if top altcoins and Bitcoin stage a clear recovery and prices stabilize above critical levels.
Recent ecosystem upgrades—such as token lock-ups designed to improve mining rewards and the rollout of decentralized KYC—could act as catalysts for renewed confidence.
On the downside, sustained selling pressure could allow bears to push PI toward the $0.20 area.