Pi Network (PI) Price Dips Below $0.70—Is a New Low Coming?

The terms of Pi Network (PI) terms has fallen beneath the $0.70 people and has been connected a escaped fall. The token has declined by 20% successful the past week and is presently trading astatine $0.6647, nearing its lowest constituent of $0.6417 successful February 2025. This driblet is owed to expanding bearish unit which is inactive prevalent successful the wide crypto market.

PI has present fallen 77% from its all-time precocious of $2.98, reached conscionable a period ago. The token’s marketplace worth has plunged from astir $20 cardinal to conscionable $4.51 billion.

PI Price Chart | Source: CoinMarketCap

One of the main concerns is the proviso – successful a year, 1.5 cardinal caller tokens volition beryllium added to the full supply, which volition beryllium 8 billion. This has been compounded by the information that determination are nary important listings connected Binance, Coinbase, and Kraken.  

From the method perspective, determination is simply a bearish outlook connected the downside. The RSI is astatine 32.03 present which is adjacent to oversold level and the MACD is negative. If PI falls beneath $0.65, the adjacent enactment level is astatine $0.61, which whitethorn bring a caller grounds low.  

For a recovery, PI indispensable get backmost to $0.70 and surpass $0.80. Further terms emergence supra $0.90 whitethorn beryllium an denotation of an upward trend. Until then, the token is nether unit and tin proceed to diminution further down the charts.

Also Read: Pi Network Falls Below Top 25 connected CoinMarketCap