Pi Network (PI) Tests All-Time Low as Bearish Sentiment Dominates; Reversal Hinges on Key Resistance

07.08.2025 11:52

Pi Network (PI) is trading near its all-time low of $0.322 after an 80% year-to-date plunge, with current prices hovering around $0.340. The token faces intense bearish pressure as trading volume collapsed 69% from $140 million to $43 million in early August, signaling dwindling investor interest.

Technical indicators reveal conflicting signals: The daily RSI shows oversold conditions at 30, potentially attracting buyers, while the Chaikin Money Flow indicator confirms sustained selling pressure. PI maintains a 0.93 correlation with Bitcoin, amplifying vulnerability to BTC market swings. Key support sits at $0.32, with resistance forming at $0.37 and $0.401.

Critical hurdles for recovery include: A confirmed breakout above $0.37 resistance, increased trading volume, and resolution of project delays including mainnet migration and major exchange listings. The token's 26% monthly loss contrasts sharply with competitors like Mantle (+53%) and Ondo (+16%), highlighting PI's unique struggles.