Pi Network Nosedives 35% – Hits Record Low as Market Chaos Unfolds!
Jakarta, Pintu News – The price of Pi Network experienced a sharp decline today (13/6), plummeting by 35% to hit an all-time low of $0.40.
Although it recovered quickly, this drastic drop has caused many investors to incur losses.
Unstable market conditions, coupled with erratic investor behavior, greatly affect the price movements of these altcoins.
Pi Network Shows Negative Signal
The MACD indicator indicates a strengthening bearish momentum, with a potential positive crossover pending due to the recent market decline.
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Previously, the momentum almost turned bullish, but is now on hold due to deteriorating market conditions. This delayed crossover makes it difficult for Pi Network prices to recover in the near future.
Investor sentiment remains weak, and MACD reinforces the overall bearish outlook. The recent price drop suggests that this altcoin faces major challenges ahead.
For the MACD to recover, it needs to show bullish signals again, which is only possible if market conditions improve and investor confidence increases – two things that are currently not in sight.
More broadly, market sentiment towards Pi Network was also negative throughout the month. Weighted sentiment showed a decline in confidence from Pi holders, which further exacerbated the ongoing downward trend.
The lack of optimism from investors could put additional pressure on Pi Network prices which are still struggling to maintain support levels.
The ongoing bearish sentiment from investors indicates a lack of faith in the altcoin’s short-term recovery. The hesitation to maintain or add to Pi holdings further magnifies the downward pressure on the price.
PI Prices Save from New Lows
At the time of writing (13/6), Pi Network’s price stands at $0.55, registering a 9.7% drop on the day. While this drop is significant, the daily low of $0.40 is a major highlight.
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The drop reflects a 35% fall and brings the price to the lowest level in the altcoin’s history.
The previous low of $0.40 was recorded in April. Despite a slight recovery, this drastic drop triggered panic among investors.
Currently, Pi faces further downside risks, with a potential support level at $0.51 and a worst-case scenario where the price could drop to $0.45, which would deepen the existing losses.
However, if investors see an opportunity from these low prices and start accumulating PI, the altcoin may experience a reversal. If it manages to bounce off the current levels, the price of Pi could potentially rise back to $0.57 and even reach $0.61.
This rise could invalidate the bearish trend and mark a positive change in momentum.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Pi Network Price Crashes 35% To Reach All-Time Low Amid Market Downturn. Accessed on June 13, 2025
