Pi Network’s native cryptocurrency, Pi [PI], fell more than 10% over the past 24 hours. The decline came days after PI gained 11% following the v25 protocol upgrade.
Trading Volume rose about 35%, showing increased activity as PI declined.
By contrast, Bitcoin’s [BTC] Trading Volume fell, suggesting traders were less active across the broader market. This divergence indicated that PI faced stronger coin-specific selling pressure.
On top of a bearish market structure, profit-taking and upcoming token unlocks contributed to PI’s sell-off.
Can PI avoid its all-time low?
PI’s daily market structure remained bearish, while its hourly structure also turned negative. This reversal came days after PI gained short-term momentum following the v25 protocol upgrade.
Bears regained control after PI broke below the ascending trendline formed from its all-time low.
PI reached its all-time low of $0.07036 before recovering towards $0.10072. However, the latest breakdown left the token around 13% above that record low.
The Moving Average Convergence Divergence [MACD] showed strengthening bearish momentum.
Meanwhile, the Relative Strength Index [RSI] fell to 18, placing PI deep inside oversold territory. A break below $0.0800 could expose the $0.07036 all-time low [ATL].
However, the oversold RSI may signal seller exhaustion and create room for a short-term reversal.
Buyers could also return around demand levels above the record low, especially after another positive catalyst. Even so, PI would need to reclaim its broken trendline before suggesting that bulls had regained control.
Why the selloff may be just the beginning
There is selling pressure from bulls taking profits from the surge that resulted from the frenzy of the v25 protocol upgrade. In total, PI made a move of over 43%, up from an ATL of $0.07036 to $0.10072.
Additionally, the selling pressure is coming from the heavy unlocks that span up to December 2026. Pi Network is set to unlock 775.8 million PI tokens in the months leading up to the end of the year. This will definitely continue increasing liquid supply in the market.
On the other hand, additional supply could improve market liquidity and support greater trading activity.
Better liquidity may reduce sharp price swings, but it cannot absorb persistent selling by itself.
Therefore, the PI’s outlook depends on whether new demand can match profit-taking and unlock-related supply.
Without stronger demand, the latest decline could develop into a deeper retest of $0.07036.
Final Summary
- Pi Network fell more than 10% in the past 24 hours after breaking below a key market structure.
- PI price appears to be headed for further decline amid profit-taking and heavy unlocks, but meeting the liquidity deficit could cushion the sell-off.