Pi Network Plunges 10% as Market Correction Deepens — Is PI Coin Headed for a New All-Time Low?

Jakarta, Pintu News – Pi Network (PI) is under pressure again. In the last seven days, the Pi Network (PI) price has fallen by 10% and is at risk of hitting a new all-time low.

PI prices last hit an all-time low on September 22. Currently, it has plummeted 91.95% from its highest peak, while the bulls appear to be retreating.

Given the current conditions, it is unlikely that PI prices will recover anytime soon. Various indicators point to the potential for a prolonged decline.

PI Still Trapped in Selling Pressure

On the 4-hour chart (8/10), the Pi Network price is still under strong selling pressure, as it continues to move inside a descending triangle pattern. This pattern is known as a bearish continuation pattern which usually indicates further downside potential.

Read also: Pi Network Price Declines as Data Signals a Potential 23% Downside Risk

The dominance of the bearish trend is clearly visible on the chart. The Bull Bear Power (BBP) indicator also reinforces this signal – it is currently deep in the negative area, signaling that sellers are still in control while buying momentum remains weak.

Adding to the bearish pressure, PI prices have dropped below the important support level of $0.25, which is now turning into the nearest resistance level.

In addition, the Holders Sentiment Index fell sharply to -10.28, indicating that market participants started to lose confidence and sentiment switched from neutral to fully bearish.

Given these conditions, PI prices may struggle to break back through resistance at $0.27 in the near future. If the pressure from the bears continues, this crypto asset could drop towards the next support at $0.21.

For the bulls to regain control of the market, PI needs a significant surge in volume and a strong breakout above $0.27. Until that happens, both market structure and sentiment still point to further downside potential.

PI Price Prediction: Hard to Come Out of Pressure

Just like the pattern on the 4-hour chart (8/10), PI’s daily chart also shows a continued bearish bias, although there was a slight sign of stabilization.

Read also: Bitcoin Price Outlook: Analysts Spot Weekly Breakout — Is BTC Poised for Its Next Big Rally?

Currently, the price of PI is still moving below the descending resistance line, signaling that sellers are still in major control.

Adding to the pressure, the token also remains below the Ichimoku Cloud – an important resistance area that is often a reference to the direction of the main trend. This position emphasizes that the medium to long-term trend is still likely to be downward.

As such, any upside attempts are likely to face a lot of resistance unless prices are able to break the Ichimoku cloud with strong momentum.

Meanwhile, the Money Flow Index (MFI) continued to weaken, reflecting a decline in buying pressure. This reduced capital flow indicates that funds are starting to exit the market, making PIs increasingly vulnerable to further declines if demand does not recover soon.

If this structure holds, PI prices could potentially retest the support zone at $0.21. However, if selling pressure increases, PI could drop deeper to $0.18.

Conversely, if the MFI starts to bounce and the price manages to break the Ichimoku Cloud, the momentum could turn in favor of the bulls and open up recovery opportunities towards the $0.30 area.

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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) Price Drops 10% as Crypto Market Pullback Threatens New Lows. Accessed on October 9, 2025