Pi Network Price Plummets to $0.35 as Sellers Take Control of the Market

Jakarta, Pintu News – The current price movement of Pi Network (PI) suggests that the downward trend is not over yet. Buyers are starting to lose momentum, leaving the market vulnerable to further selling pressure.

As of August 18, the price of PI was sitting at $0.36, a decline of around 20% over the past month. Although the crypto is considered oversold, analysis suggests that the market is not ready to capitalize on PI’s price drop, which could potentially make the cryptocurrency’s value fall further.

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

Pi Network Price Drops 1.9% in 24 Hours

On August 19, 2025, the price of Pi Network was recorded at $0.3563, having corrected 1.9% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,266), then 1 Pi Network is IDR 5,795.

Read also: Pi Coin Price Falls Amid Speculation Over Pi Network’s Second Mainnet Migration

At the same time, its exchange rate against Bitcoin also weakened by 2.3%, to 0.00053084 BTC.

In a 24-hour span, the price of PI fluctuated between $0.3505 to $0.3653, with the chart showing selling pressure was dominant, although there was a slight recovery towards the end of the trading period.

Its current market cap stands at $2,810,706,468, while its fully diluted valuation stands at $4,318,959,158.

Pi Network Faces Selling Pressure

According to CCN, on the 4-hour chart (18/8), the price of Pi Network (PI) is moving within a descending channel, reflecting persistent selling pressure. Currently, PI appears to be approaching the immediate support level at the lower boundary of the channel.

This has the potential to make the price continue its decline towards the next support zone, likely around the recent low.

Continued weakness will confirm the dominance of sellers and could push down the token price further before buyers step back in. Technical signals also support this view: MACD shows a bearish trend, with the 12-day EMA (blue) breaking below the 26-day EMA (orange), signaling the downward momentum is getting stronger.

With resistance at $0.40, the PI price is at risk of touching its record low of $0.34 again. Just like the MACD, the Awesome Oscillator (AO) also formed three consecutive red histogram bars, indicating strong bearish momentum.

If this condition persists, it is likely that the Pi Network will not experience a recovery in the near future.

PI Price Prediction: Downward Trend Gets Stronger

Pi Network (PI) price is currently consolidating within a descending triangle pattern on the daily chart, reinforcing the bearish signal.

Read also: Crypto Whales Strike Again: See What They’re Buying and Selling Amid Market Chaos

Selling pressure is increasingly evident as the Exponential Moving Averages (EMAs) show a bearish crossover, where the 12-day EMA (blue) drops below the 26-day EMA (orange).

This crossover confirms that sellers still rule the market. If this condition doesn’t change, PI prices will likely struggle to break the resistance line.

If this trend continues, PI may fail to break resistance at $0.50 and potentially drop to $0.32.

What Happens If the Bearish Scenario Fails?

Sometimes, a descending channel can end with a bullish breakout. If the PI price manages to regain momentum and breaks the upper trend line of the channel with strong volume, the market structure can turn positive.

In that scenario, the first target would be the mid-channel resistance, and then continue towards the previous swing peak at $0.64. If the buying pressure intensifies, PI’s market value could even potentially reach $1.

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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:

• CCN. Pi Network (PI) Bears Dominate as Bulls Fade and Price Signals Looming Collapse. Accessed on August 19, 2025