Pi Network’s native cryptocurrency Pi (PI) has fallen by more than 10% in the last 24 hours. The drop comes days after PI rose 11% following the v25 protocol upgrade.
Trading Volume increased by approximately 35%; this suggests that activity increases as PI decreases.
In contrast, Bitcoin (BTC) Trading Volume has dropped, indicating investors are less active in the broader market. This divergence indicated that PI was facing stronger coin-specific selling pressure.
Along with the declining market structure, profit taking and upcoming token unlocks contributed to PI’s sales.
Can PI avoid all-time low?
While PI’s daily market structure continued its downward trend, its hourly structure also turned negative. This reversal came just days after the PI regained short-term momentum. v25 protocol upgrade.
The bears regained control after the PI broke below the ascending trend line formed from the all-time low.
PI reached an all-time low of $0.07036 before rising to $0.10072. However, the recent dump left the token remaining around 13% above this record low.
Moving Average Convergence Divergence (MACD) showed strengthening bearish momentum.
Meanwhile, the Relative Strength Index (RSI) fell to 18, placing the PI in oversold territory. A break below $0.0800 could reveal the all-time low (ATL) at $0.07036.
However, an oversold RSI could signal that the seller is exhausted and create room for a short-term reversal.
Buyers may also return to demand levels above the record low, especially after another positive catalyst. Even so, the PI will need to regain the broken trend line before suggesting that the bulls have regained control.
Why sales may be just the beginning
There is selling pressure from bulls who are profiting from the volatility resulting from the V25 protocol upgrade frenzy. In total, PI made a move of over 43%, rising from the ATL of $0.07036 to $0.10072.
Additionally, selling pressure is due to heavy unlocking transactions through December 2026. Pi Network is preparing to unlock 775.8 million PI tokens in the months leading up to the end of the year. This will definitely continue to increase the liquid supply in the market.
On the other hand, additional supply can increase market liquidity and support more trading activity.
Better liquidity can reduce sharp price fluctuations, but it alone cannot offset persistent sell-offs.
The outlook for the PI therefore depends on whether the new demand will be matched by taking profits and unlocking the corresponding supply.
Without stronger demand, the recent decline could turn into a deeper retest of $0.07036.
Final Summary
- Pi Network is down more than 10% in the last 24 hours after breaking below a key market structure.
- The PI price appears to be heading lower due to profit taking and heavy lock-ups, but meeting the liquidity gap could ease the selling.
