Pi Network Coin Slips to $0.47 — Is a Major Comeback Just Around the Corner?
Jakarta, Pintu News – Pi Coin is showing strong signs of recovery after successfully breaking out of a two-month-long downward trend.
The altcoin is now getting a boost from improved market sentiment, especially with clearer indications that altcoin season is just around the corner. This momentum has the potential to drive a big price spike for Pi Coin.
Then, how is the current price movement of the Pi Network coin?
Pi Network Price Drops 2.7% in 24 Hours
On July 23, 2025, the price of Pi Network was recorded at $0.4762, a decrease of 2.7% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,291), then 1 Pi Network is IDR 7,758.
The highest price of Pi Networ coin in the last 24 hours was recorded at $0.4964, while the lowest price was at $0.4721, indicating a fairly sharp fluctuation in a narrow range.
Despite the price drop, Pi Network’s trading volume remained high at $172,001,861, indicating that there is still great interest from market participants in this asset.
Currently, Pi Network’s market cap stands at $3,669,100,008, while its fully diluted valuation stands at $5,644,769,243.
Pi Coin Gets Support from the Market
On July 22, the Bollinger Bands indicator for Pi Coin began to narrow. Technical patterns like this usually signal increased volatility.
The last time a similar pattern occurred was in May, when Pi Coin recorded a 114% price spike shortly after the Bollinger band widened. The likelihood of a repeat of this move depends largely on the direction of the crypto market as a whole.
Currently, with Bitcoin undergoing consolidation and Ethereum leading the altcoin movement upwards, market conditions favor another potential bullish breakout for Pi Coin.
The narrowing of the Bollinger band hints at an imminent move, and with market sentiment trending positive, the next wave of volatility could push Pi Coin’s price back up.
Macro indicators are also showing an optimistic outlook. The Chaikin Money Flow (CMF) indicator is showing an upward trend, signaling capital inflows into Pi Coin.
This influx of capital reflects the growing confidence of investors who are likely positioning themselves ahead of the altcoin rally.
With more funds coming into the ecosystem, Pi Coin benefits from increased market participation and growing demand.
Read also: Dogecoin Dips Slightly Today, But Analysts Say a Massive 218% Surge Could Be Coming Soon!
These factors are often precursors to price spikes, especially when combined with technical signals that indicate potential volatility.
Can Pi Coin Price Bounce Back?
On July 22, Pi Coin was trading at $0.47 after moving flat over the past few days.
This consolidation phase actually worked to the altcoin’s advantage, as it helped it break out of a two-month-long downward trend. Investors are now watching closely to see if the next resistance level can be broken.
Although the price is only about 15% above the all-time low of $0.40, technical indicators suggest that this support level is likely to hold.
If Pi Coin is able to turn the $0.45 level into strong support, the potential for a rally towards $0.51 or higher could be open, even more so if the altcoin season gets stronger.
However, if asset holders start unwinding their positions too soon, Pi Coin risks falling back to the $0.40 level. If this happens, the bullish scenario will be invalidated and the altcoin could potentially retest its historical low.
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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:
- Could Pi Coin Repeat History With a 114% Price Rally? Here’s What to Expect. Accessed on July 23, 2025
