Pi Network Price Crashing Toward Record Low — Is a Major Rebound Coming?

Jakarta, Pintu News – Pi Network (PI) is on the verge of hitting its all-time low after losing more than 85% of its peak value.

The bearish pressure is intensifying, and the only thing keeping the PI price from falling to a new record low right now is the support area at $0.40.

Let’s review the chart to see if PI still has hope of experiencing a bullish trend reversal.

Pi Network Price Analysis

Reporting from CCN, analysis on the daily time frame (17/7) shows that PI prices have continued to move below the declining resistance trend line since reaching its highest point in February.

Read also: Pi Network Struggles at $0.44 as 600 Million Tokens Set to Unlock — Is a Crash Coming for Pi Coin?

Pi Coin’s price dropped to the $0.40 level twice – in April and June respectively. On both occasions, the price bounced back up, forming a very long lower wick (marked with a green icon).

While the bounce was a positive signal as it showed that buyers managed to prevent a further decline, it now appears that the buyers’ strength has weakened and failed to trigger a follow-up bounce.

After the last bounce, the price of PI dropped again and almost broke the horizontal support area at $0.40. If this breakout occurs, the PI price is likely to print a new low and continue to plummet as there is no strong support level afterwards.

The next closest Fibonacci support level is at $0.082, which is formed from the 1.27 external Fibonacci retracement level. Momentum indicators are also showing signs of weakness. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are in bearish territory.

Both show a downward trend, confirming PI’s bearish price prediction and potential decline to lower levels.

Is There Still Hope for a Trend Reversal?

Although analysis on the daily time frame shows a very bearish Pi Network price prediction, the six-hour chart gives some hope of a possible trend reversal.

This expectation arises from the descending parallel channel pattern that has been the path of the PI price decline since May.

Patterns like this usually reflect a corrective move, so there is a chance that the price of the PI will bounce when it touches the support trendline, initiating a potential trend reversal in a bullish direction.

If this scenario occurs, the support line of the channel is around $0.38. This means that the price of PI will still touch a new low, but it will be a temporary deviation, not an actual breakout.

However, there are currently no other indicators or signals that corroborate that this is the most likely scenario. Even the momentum indicators are yet to show signs of a potential trend reversal.

Read also: XRP Set to Explode? Price Could Skyrocket to $50 as It Hits New Record High!

In addition, the onlywave count pattern that supports the trend reversal scenario is unusual. It shows an overlap between waves one and four, but does not form a diagonal structure.

As such, PI price predictions that remain bearish –where prices break the lower boundary and fall to a new low – are still more likely than the alternative bullish scenario.

New Low Point for Pi Network

Since reaching its highest point in early January, PI prices have fallen by more than 85% of their value.

PI’s technical analysis currently shows no strong signs of a bullish trend reversal, so the most likely scenario is a further decline(breakdown).

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• CCN. Pi Network Price Nears All-Time Low – Watch This Area for a Possible Reversal. Accessed on July 18, 2025