- Pi Network price fell more than 20% to $0.28, trading intraday as low as $0.22.
- The declines occurred amid a crypto market bloodbath, with Bitcoin dropping toward $112,000.
- Key levels to watch in the coming weeks are the $0.28–$0.22 area.
Pi Network (PI) plunged over 20% in the past 24 hours as a broad crypto sell-off pressured leading altcoins.
The PI token is now trading around $0.28 after breaking below the important $0.30 level during Bitcoin’s sharp slide toward approximately $112,000.
Is PI set for further pain amid this sector-wide sell-off, or can bulls hold critical thresholds in the near term?
Pi Network drops 20% to critical support
On September 22, 2025, Pi Network’s PI token fell more than 20% and has since settled near $0.28 at the time of writing.
The altcoin tested lows of $0.22 — a historic low for a cryptocurrency that reached $1.24 in May and approached an all-time high near $3.00 in February 2025.
The declines pushed PI into a key support zone around $0.28–$0.30.
This drop occurred alongside a surge in daily trading volume, a scenario that typically reflects frantic activity as bulls defend lower levels while bears hunt fresh lows.
Notably, Pi Network’s fall mirrored a brutal market-wide correction.
Most major coins bled red as Bitcoin slid toward roughly $112,000 and the global crypto market erased more than $1.7 billion in value in one of the steepest price drops in recent months.
According to Coinglass data, over $1.7 billion in crypto positions were liquidated within 24 hours.
Most liquidations — about $1.61 billion — occurred in long positions, with roughly $85.8 million in short liquidations.
Bitcoin and Ethereum accounted for roughly $276 million and $483 million in 12-hour liquidations, respectively.
As Ethereum fell to near $4,100, down more than 6% on the day, other altcoins followed suit.
Solana lost 8%, XRP fell nearly 7%, and Dogecoin slid toward $0.23.
Despite broader optimism, macroeconomic jitters allowed bears to seize control.
Analysts attribute the cascade of selling across leveraged positions to panic-driven liquidations.
PI price outlook — short-term view
The market’s recent performance shapes a likely short-term outlook for Pi Network.
Technical indicators point to the possibility of extended consolidation or a modest recovery if support holds.
In the weeks ahead, the $0.28–$0.22 area will be a critical zone to monitor; subdued on-chain activity would reinforce this cautious outlook.
A bullish reversal could materialize if leading altcoins and Bitcoin stage a decisive rebound and prices stabilize above key levels.
Recent ecosystem updates, such as token lockups tied to increased mining rewards and decentralized KYC initiatives, may act as catalysts for renewed interest.
On the flip side, if bears remain in control, downward pressure could test the $0.20 area.