The Pi Network (PI) price is in free fall, tumbling over 20% in the past 24 hours, with its value slipping below $0.90 on OKX. Once a hotly anticipated project, Pi Coin has been losing steam, plunging from recent highs above $3.00, leaving investors scrambling for answers. So, what’s behind this sudden crash, and can PI recover?
Why is Pi Network Crashing?
The Pi Network’s ongoing price decline can be attributed to uncertainty, selling pressure, and broader market weakness. One of the biggest concerns is that Pi remains in an enclosed mainnet with no clear timeline for a full launch, leaving investors frustrated by delays in exchange listings and ecosystem development.
Pi fell from $3.00 to below $0.90 as many early holders exit their positions due to fading confidence. Adding to the turbulence, Bitcoin’s sharp pullback from $87K to $83K has weakened sentiment across altcoins, with speculative assets like Pi Network feeling the heat the most. Pi remains vulnerable to further downside.
Pi Network Chart Analysis
- Current Price: $0.89, struggling to hold key support.
- Resistance Levels:
- $1.20 – Immediate hurdle; reclaiming this could trigger short-term recovery.
- $1.50 – $1.80 – Strong resistance zone from previous bounces.
- Support Levels:
- $0.80 – Crucial support; breaking below could lead to a deeper sell-off.
- $0.60 – Next major level if downward momentum continues.
- MACD Indicator: Bearish crossover, signalling continued downside pressure.
Final Takeaway – Can Pi Network Recover?
Pi Network’s future remains uncertain, with investors losing confidence due to the prolonged mainnet delay. If PI can reclaim $1.20, we could see a short-term bounce, but if the price breaks below $0.80, a deeper decline toward $0.60 or lower is possible. Until Pi’s mainnet goes live, speculation will continue to drive extreme volatility—making this a high-risk, high-reward bet for traders.
