Pi Network Drops 3% Today as Pi Coin Struggles to Break Key Resistance Level!

Jakarta, Pintu News – Pi Coin is having a hard time maintaining its upward trend, as its price is consolidating after a long decline.

As of August 17, the crypto was hovering around $0.383, failing to break the $0.401 resistance level. Inconsistent investor behavior triggered price fluctuations, leaving the altcoin in a vulnerable position.

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

Pi Network Price Drops 3.2% in 24 Hours

On August 18, 2025, the price of Pi Network was recorded at $0.3718, having corrected 3.2% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,186), then 1 Pi Network is IDR 6,018.

Read also: Pi Network Claims to Use 99.7% Less Energy Than Bitcoin, What’s the Impact?

In the span of 24 hours, the price of PI moved between $0.3717 to $0.3885, with the chart showing significant fluctuations that eventually closed with price weakness.

The current market capitalization stands at $2,912,527,499, with a fully diluted valuation of $4,480,811,536. Trading volume over the last 24 hours was recorded at $49,881,346, indicating high trading activity.

Pi Coin Holders’ Sentiment is Mixed

Investor sentiment towards Pi Coin declined sharply, reaching its lowest point in the last four months. This drop signals a decline in enthusiasm as traders become increasingly cautious.

The lack of bullish conviction suggests that many holders are still skeptical regarding Pi Coin’s prospects going forward.

A sharp drop in sentiment occurred in the last 24 hours (17/8), likely triggered by impatience due to stagnant price movements. Many investors expected higher profits, but the failure to create upward momentum sparked concerns.

Despite the bearish sentiment, Pi Coin’s macro momentum is showing some resilience. The Chaikin Money Flow (CMF) indicator is currently above the zero line, reflecting stronger capital inflows into the asset.

Such inflows indicate opportunistic buying, where investors take advantage of discounted prices.

Read also: Why the Crypto Market Plummeted Today?

If these inflows continue, Pi Coin could benefit from renewed market interest, especially if overall crypto sentiment starts to move positively.

Pi Coin price fails to break through resistance level

On August 17, Pi Network was briefly trading at $0.383, having recently failed to break the $0.401 resistance level. The inability to move higher keeps the asset locked in a downward trend.

Without stronger support from market participants, the crypto risks extending its consolidation pattern.

Based on these conditions, Pi Coin is likely to continue consolidating below $0.401 in the short term. A deeper drop could bring the price down to $0.362, which is the next significant support level.

If this level fails to hold, bearish control could get stronger, limiting the chances of a quick rebound.

However, a change in positive sentiment could change the narrative. If Pi Coin manages to break $0.401 and secure it as a support level, the price could potentially move towards $0.440.

Such a move would invalidate the bearish outlook, signaling returning optimism and a possible trend reversal for this altcoin.

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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:

• BeInCrypto. Pi Coin Holders’ Sentiment Falls to Worst in 4 Months, But Price Bears No Impact. Accessed on August 18, 2025