The native token of the Pi Network ecosystem, PI, plunged to a fresh record low this week, breaching the $0.12 mark on some exchanges as the broader cryptocurrency market suffered a sharp correction. The sell-off accelerated after PI lost critical support at $0.15 and subsequently fell below its previous bottom of $0.1312, which had been established during the February market crash.
According to CoinGecko data, the new all-time low was recorded at $0.1263, though a quick wick drove prices under $0.12 on certain platforms. Market capitalization collapsed to under $1.26 billion, pushing PI down to the 58th position in the global rankings—a staggering fall from the near top-10 status it briefly held shortly after its launch in February 2025.
The recent decline began after PI surged to roughly $0.30 on March 13, Pi Day 2026, driven by a Kraken listing announcement. That rally quickly evaporated, with the price erasing all gains and sliding below $0.20. Selling pressure intensified as the overall market turned bearish, and the $0.16 support level failed to hold, triggering an aggressive 30% drop over eight consecutive 3-day candles.
Technical analysis now highlights two pivotal support zones: $0.13 and $0.10. The daily RSI reading has plunged into oversold territory at around 25 points, suggesting sellers may be getting exhausted and a relief bounce could materialize. However, the downtrend remains intact after a lower low was confirmed, and if $0.13 turns into resistance, a similar acceleration could drive PI toward the $0.10 target.
“This significant decline is a reason to panic for some people, but PI’s price is just a small portion of Pi Network’s overall ecosystem,” noted one commentator, while others argued the crash offers a buy-the-dip opportunity ahead of the next potential bull run. Despite the bearish momentum, some proponents maintain “absolute faith” in the long-term vision of the Pi Network project.
