- Pi Network price plunged to a record low of $0.22 as cryptocurrencies faced profit-taking pressure.
- Bulls, however, are eyeing a potential buy-the-dip opportunity and could push for a rebound toward $0.50.
- Technical indicators send mixed signals, highlighting an indecisive market.
Pi Network extended losses on Tuesday when its price collapsed to a new record low of $0.22.
Yet with bulls spotting a modest intraday bounce, profit-taking may present a notable buy-the-dip opportunity for buyers.
Recent turbulence across crypto markets has shifted sentiment somewhat bearish, but could PI’s price recover amid potential broader market tailwinds over the coming months?
Pi price falls to record low
PI is trading around $0.28, up nearly 4% over the past 24 hours.
Although this represents a small rebound from the all-time low of $0.22, the altcoin is still down about 20% over the last week.
The steep decline observed on September 23, 2025, when PI dropped from highs near $0.36, added to the bearish outlook that has pushed the token roughly 90% below its all-time peak of $2.98 reached in February 2025.
PI currently sits below the critical support zone at $0.30.
With price slightly higher despite a 16% fall in daily trading volume, a sentiment shift could still materialize.
Notably, Pi Network faced selling pressure following a recent token unlock that released 160 million PI tokens into circulation.
The added supply on the market strongly contributed to the price decline.
Macroeconomic factors also intensified the downturn, with panic selling as risk assets swung and bears took advantage of the volatility.
Still, analysts argue that September’s weakness could give way to an “Uptober.”
“The tone has shifted from panic to recalibration,” noted QCP Group. “The Fed’s 25 basis point rate cut reopened a path for relief, though the dots signaled only modest dovishness. Long rates climbed while equities hit new highs and gold briefly topped $3,700.”
Is PI poised to recover after a breakout?
Short-term technicals look gloomy but include PI’s relative strength index sitting near oversold territory.
With an RSI reading around 31, the indicator suggests a possible short-term rebound may be underway.
The daily RSI, currently rising from oversold levels, could signal gains toward $0.50 if buying pressure returns across the broader market.
PI price chart from TradingView
However, the moving average convergence divergence (MACD) indicator shows a bearish crossover outlook.
This implies that a decisive move higher will likely depend on bulls reclaiming the key $0.30 level and then pushing for further gains.
A break above resistance at $0.35 could pave the way for a recovery toward $0.50, while failure to hold current levels might see PI revisit $0.22, potentially causing further pain for bulls.
In the near term, profit-taking and market volatility are the primary risks to monitor, while token accumulation and network growth—together with broader market gains—will be the key indicators for longer-term prospects.