Pi Network Price Drops 2% on August 15: Will the Bearish Trend Reverse?

Jakarta, Pintu News – Having traded at $0.40 as of August 14, 2025, Pi Network maintains the consolidation range seen in recent days within a larger descending channel pattern.

Optimistic PI investors are eyeing further gains as selling pressure eases, potentially triggering a breakout of the channel.

As the crypto market reaches a record high of $4.15 trillion, heightened risk sentiment and a potential altcoin season could be additional catalysts to push PI prices higher.

Then, how is Pi Network’s current price movement?

Pi Network Price Drops 2% within 24 Hours

On August 15, 2025, Pi Network’s price was recorded at $0.3843, marking a 2% drop in the past 24 hours. With the current exchange rate of $1 = IDR 16,182, the price of 1 Pi Network is equivalent to IDR 6,218.

Read also: Pi Network and Bitcoin’s Falling Correlation Leads to Mass Exodus of Pi Coin Holders

In the last 24-hour period, the price reached a high of $0.394 and a low of $0.377. Despite the price drop, Pi Network still maintains a sizable market capitalization of around $3.00 billion, with a fully diluted valuation of $4.63 billion.

Trading volume in the last 24 hours was recorded at $100.11 million, indicating high transaction activity.

Optimism on the Rise Among Crypto Investors

Data from CoinMarketCap shows that investor greed on a scale of 0 to 100 currently stands at 68, up from 63 on Wednesday.

This increase in greed corresponds to the return of risk sentiment among investors, which triggered capital flows and pushed the price of Bitcoin (BTC) and other major altcoins to record highs.

Additionally, the Altcoin Season Index stands at 41, up from 39 last week and 32 last month, indicating the likelihood of an altcoin season is growing.

In this potentially upcoming altcoin season, Pi Network could see increased capital flows as investments shift from Bitcoin and other major altcoins to riskier and more volatile cryptocurrencies, such as PI.

Pi Network Eyes Potential Channel Breakout

As of August 14, the PI token is hovering around the $0.40 level, continuing its rather flat price movement after a sharp 9.32% drop on Sunday.

Read also: 5 Altcoins That Could Take the Spotlight This Week, According to Crypto Analysts

PI’s price reversal signaled a negative cycle in the downward channel pattern, after falling from the upper trend line formed by connecting the highs on May 21 and June 25.

The trend line connecting the low points on May 17 and June 22 forms the lower limit of the descending channel pattern. To confirm a trend reversal, PI would need to surpass the upper trend line located around $0.45, which also aligns with the descending 50-day Exponential Moving Average (EMA).

The Moving Average Convergence Divergence (MACD) trend shows an upward movement, indicating a stronger bullish momentum.

However, the Relative Strength Index (RSI) on the daily chart registered 47, which was flat below the centerline. This suggests selling pressure is starting to ease near neutral levels, but also reflects a lack of buying pressure.

In the event of a deeper correction, Pi Network could test the support level at $0.37, followed by the $0.33 level marked by the low point on August 6.

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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:

• FXStreet. Pi Network price forecast: PI eyes channel breakout rally as chances of altseason grow. Accessed on August 15, 2025