- Pi Network price fell more than 20% to $0.28, hitting an intraday low of $0.22.
- The decline came amid a wider crypto sell-off, with Bitcoin dropping toward $112,000.
- In the coming weeks, the critical support to monitor is the $0.28–$0.22 range.
Pi Network (PI) plunged over 20% in a single day as a major market correction forced losses across large-cap and altcoin markets.
The PI token is trading around $0.28 after breaching the $0.30 level, following Bitcoin’s sharp slide toward $112,000 and a broad-based retreat across the sector.
With the market in turmoil, the question for PI holders is whether the token will extend losses or if buyers will step in to defend key support levels.
Pi Network drops 20% to critical support
On September 22, 2025, Pi Network’s PI token tumbled more than 20%, trading near $0.28 at the time of writing. Intraday lows reached $0.22, marking a substantial pullback for a token that rose to $1.24 in May and peaked near $3.00 in February 2025.
The sell-off pushed PI into a crucial support band around $0.28–$0.30. Daily trading volume rose sharply during the decline, indicating heightened activity as bargain hunters tested the dip and sellers hunted for lower prices.
PI’s drop was part of a harsher market rout. Major cryptocurrencies were broadly lower as Bitcoin slid toward $112,000, and the global crypto market lost more than $1.7 billion in value during one of the sharper declines seen in recent months.
According to market liquidation trackers, over $1.7 billion in positions were liquidated across the crypto market within 24 hours—most of it from long positions, underscoring the force of the downmove. Bitcoin and Ethereum alone accounted for sizable liquidation volumes during the sharp sell-off.
Ethereum fell toward $4,100, down over 6% on the day, and many altcoins followed suit: Solana declined about 8%, XRP fell roughly 7%, and Dogecoin slipped toward $0.23.
Despite underlying optimism for broader adoption and development, short-term macroeconomic concerns and leveraged positioning contributed to an aggressive overshoot to the downside as traders exited positions.
PI price outlook — short-term levels to watch
Technically, PI’s recent move suggests the token may enter a period of consolidation unless buyers can stabilize the price. Key support to monitor sits in the $0.28–$0.22 area over the coming weeks. Lower on-chain activity has reinforced the likelihood of range-bound action while the market digests the sell-off.
If Bitcoin and other major altcoins reverse course with a meaningful recovery, PI could similarly stage a rebound and reclaim lost ground above critical resistance levels. Positive catalysts for Pi Network include recent ecosystem updates such as token lock-up mechanisms that enhance mining incentives and steps toward decentralized KYC, which could support sentiment if market conditions improve.
On the downside, if selling pressure persists, bears could push PI toward the $0.20 area, extending the correction. Traders should watch volume, broader crypto market direction, and on-chain metrics to gauge whether support will hold or give way to further losses.