- Pi Network price plunged more than 20% to $0.28, hitting an intraday low of $0.22.
- The decline occurred amid a broad crypto sell-off that saw Bitcoin drop toward $112,000.
- Over the coming weeks, the key levels to watch will be the $0.28–$0.22 range.
Pi Network (PI) tumbled over 20% within the past 24 hours as a major crypto downturn forced many leading altcoins into heavy losses.
The PI token is now trading around $0.28 after slipping below the key $0.30 level as Bitcoin plunged toward $112,000.
With the sector-wide sell-off underway, is PI headed for more downside, or can buyers defend critical short-term thresholds?
Pi Network falls 20% to key support
Pi Network’s PI token plunged more than 20% on September 22, 2025, and at the time of writing was trading close to $0.28.
The altcoin tested an intraday low of $0.22, a fresh trough for a cryptocurrency that earlier reached $1.24 in May and approached an all-time high near $3.00 in February 2025.
The drop has pushed the PI token into a critical support zone around the $0.28–$0.30 area.
This downward move coincided with a sharp rise in daily trading volume, reflecting frantic activity as buyers try to stem the fall and monitor for new lows.
Pi Network’s decline mirrors a brutal market-wide correction.
Most major coins turned red as Bitcoin plunged toward $112,000, and the global crypto market saw more than $1.7 billion wiped out in one of the steepest single-day sell-offs in months.
According to Coinglass data, over $1.7 billion in liquidations occurred across the crypto market within 24 hours.
The bulk—about $1.61 billion—came from long positions, while roughly $85.8 million was liquidated in shorts.
Bitcoin and Ethereum accounted for approximately $276 million and $483 million in 12-hour liquidations, respectively.
As Ethereum fell toward nearly $4,100—a drop of more than 6% on the day—other altcoins followed suit.
Solana declined about 8%, XRP fell nearly 7%, and Dogecoin dropped to around $0.23.
Despite broader optimism in recent weeks, macroeconomic jitters triggered the swift reversal.
Analysts attribute the cascade of liquidations across leveraged positions to panic selling.
PI price outlook — short-term view
Recent market action sketches a plausible short-term outlook for Pi Network.
Technical indicators suggest the potential for extended consolidation or a modest recovery if the current support holds.
Over the next few weeks, the $0.28–$0.22 area will be the most important range to monitor, with subdued on-chain activity reinforcing these expectations.
An upside reversal is possible if top altcoins and Bitcoin mount a notable rebound and prices stabilize above key levels.
Recent ecosystem upgrades—such as token lock-ups that improve mining rewards and steps toward decentralized KYC—could act as positive catalysts.
On the downside, bears remain in control and may continue to test the $0.20 region if selling pressure persists.