Pi Network's native token, PI, has experienced a severe and sustained bearish trend, recently crashing to a new all-time low of $0.1338. This represents a staggering decline of over 95% from its all-time high of $2.99 in late February 2025. The token is currently trading around $0.1444, with its trading volume surging by 126.75% to $35.3 million, indicating aggressive selling pressure rather than passive drift.
Technically, the $0.190 level has flipped from support to a firm resistance zone following a decisive breakdown. This shift has accelerated the downside momentum, with the price now compressing towards the critical $0.1302 liquidity floor. Analysts note that if this support level fails to hold, the next targets are the $0.115 and $0.100 historical demand zones.
The broader market weakness has exacerbated PI's decline. The total cryptocurrency market cap fell by 5.04%, and Bitcoin's expanding dominance has diverted liquidity away from altcoins like PI, compressing its relative demand. The token's near-term momentum remains fragile, heavily dependent on Bitcoin finding its own structural support and broader macro conditions stabilizing.
AI models have provided stark forecasts for PI's future. ChatGPT highlighted PI's inability to respond to network updates, weak speculative demand, and thin liquidity as key drivers. It outlined scenarios ranging from a decline to $0.10 to an extreme bear-case predicting a plunge to $0.06-$0.08, which would represent a "true capitulation phase." Gemini's analysis was even more bearish, suggesting the daily chart paints a "stairway to hell" picture. It warned that if PI fails to reclaim $0.16, the next major liquidity pool sits at $0.05-$0.06, implying a potential 65% crash from current levels. Gemini also described a worst-case "zombie chain scenario" where PI dumps below $0.05, though it assigned a low probability (below 20%) to this outcome.
