Pi Network Faces a Slump – Will Pi Coin Revisit Its Bottom?

Jakarta, Pintu News – Reporting from BeInCrypto (21/8), since the beginning of the week, Pi Network’s native token, PI, has moved flat and is facing a new resistance level in the range of $0.37 which was previously the support area.

Traders and investors are still showing limited interest in this altcoin, as its lackluster price performance has not been able to give holders confidence.

Declining Interest Threatens Pi Network

According to data from Santiment, PI’s social dominance dropped dramatically to a weekly low of 0.096%. This shows a sharp decline in the altcoin’s relevance amidst crypto community discussions during the observation period.

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Social dominance itself measures how often an asset is mentioned on various social platforms compared to other assets in the market. If the value decreases, it means that the community’s attention and engagement with the asset has weakened.

The decline in PI’s social dominance is worth keeping an eye on, as the reduced market spotlight also reduces the chances of new buying pressure entering, increasing the risk of further price declines.

In addition, PI’s weighted sentiment has remained negative since the start of the week, reinforcing this bearish outlook. At the time of this report, the weighted sentiment stands at -0.342.

Weighted sentiment methods analyze data from social media to assess the tone of the conversation (positive or negative) surrounding a crypto asset, taking into account the number of mentions as well as the ratio of positive to negative comments.

If the weighted sentiment of an asset is negative, then the overall market, based on social data, is bearish. This suggests that PI traders and investors are still pessimistic, which could potentially pressure price performance in the short term.

PI Potentially Hits an All-Time Low

The declining presence of PIs in online conversations, coupled with a predominantly negative sentiment, leads to one possibility: continued price drops.

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The combination of factors increases the risk of a further decline towards the all-time low of $0.32.

However, a surge in buying activity and a resurgence in demand could potentially help PI break the resistance at $0.37 and push the price up towards $0.40.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Network Fades From Crypto Conversations-Is a Return to All-Time Low Next? Accessed on August 22, 2025