Pi Network (PI) plunged to a historic low of $0.32 on August 1, 2025, before staging a modest 4% recovery to $0.36. Despite this uptick, bearish indicators dominate as trading volume dropped 30% to $112 million—signaling negative divergence and weakening momentum. Technical analysis reveals Parabolic SAR dots positioned above the price at $0.47, confirming resistance and a sustained downtrend.
Concurrently, PI faced a 14% single-day crash to $0.35, driven by broader market declines from U.S. tariff policies and critical network instability. Over 58% of daily transactions (88,300 out of 200,000) failed, exacerbating selling pressure. Token unlocks further strained prices, with 5 million PI ($1.73M) newly circulating and 159 million PI (2.1% of supply) set to unlock within 30 days.
Community sentiment deteriorated sharply, highlighted by Pi Barter Mall's public skepticism on X: "How can we lock up when there’s no guarantee of value?" Technical metrics like the Trend Strength Index (-0.8482) and expanding Bollinger Bands reflect extreme bearishness. Despite a whale accumulating 331 million PI ($148.5M) betting on a historical 70% rebound, fading confidence threatens recovery prospects.