Pi Network Price Drops 75%

Pi Network Price Drops 75% — $0.40 Support

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Pi Network Price Drops 75% — $0.40 Support

Dimitar Todorov
1 August, 2025, 08:00
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Pi Network (PI) Price Falls 75% to Key $0.40 Support — Is a Reversal Coming in August?

Pi Network (PI) Price Plummets 75% After May Surge — Will $0.40 Hold as Support for August Rebound?

After an explosive 190% rally in May, Pi Network (PI) has experienced persistent profit-taking over the past two months, resulting in a sharp 75% price decline from $1.67 down to a critical $0.40 support level. This $0.40 mark isn’t new—it has historically served as a strong floor during previous sell-offs in April and June, raising the big question among investors: Will this support level hold again and spark a price reversal in August?

Is Seller Exhaustion Near for Pi Network?

Analyzing PI’s daily charts reveals a mixed technical picture:

The SuperTrend indicator remains firmly on a ‘sell’ signal, consistent for the last two months, signaling ongoing bearish pressure.
Meanwhile, the Relative Strength Index (RSI) is hovering close to the oversold zone, suggesting potential seller exhaustion might be near.

Both indicators showed significant bullish momentum during the May rally, which means a positive pivot now could set the stage for a trend reversal. If the rebound takes hold, immediate price targets to watch are:

$0.67, which corresponds to a near 60% gain from current levels
The psychologically significant $1 mark, aligned with the 50% Fibonacci retracement level, offering a potential 150% upside

However, the outlook dims considerably if PI loses the $0.40 support, which could trigger a deeper downturn, dragging prices toward $0.09, marking a significant bear market scenario.

Declining Social Volume and Market Sentiment

Beyond price charts, the broader market sentiment and social interest for PI have cooled noticeably:

Social volume, a metric capturing online engagement and buzz around the token, has steadily declined since May.
A brief attempt to break the downtrend in mid-July failed to spark meaningful buying or rally momentum.
Overall weighted market sentiment has remained predominantly negative over the last two months.

Such declining interest suggests waning enthusiasm among the community and investors, which could limit upward price momentum unless renewed catalysts emerge.

Derivative Markets Signal Muted Investor Interest

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Looking at derivatives data provides further insight into investor positioning:

Open Interest (OI) for PI futures contracts has dropped from nearly $17 million in late May to below $12 million, reflecting reduced speculative activity.
Similarly, funding rates on derivative exchanges are low, indicating less aggressive leverage being employed by traders.

Together, these metrics underscore a lack of strong conviction or bullish positioning in the market at present.

Technical Summary and What to Watch Next

IndicatorCurrent StatusInterpretation

SuperTrend	Sell	Bears remain in control
RSI	Near oversold zone	Possible seller exhaustion, potential pivot
Support Level	$0.40	Critical floor—key to any rebound attempt
Open Interest (Derivatives)	Declining	Weak speculative interest
Social Volume	Decreasing	Reduced community engagement

What Could Spark a Reversal?

For PI Network to break free from its downtrend and resume an uptrend, several conditions could help:

Sustained hold of the $0.40 support to restore investor confidence
Positive shifts in broader market sentiment, especially within the altcoin sector
Renewed social engagement and buzz, possibly driven by news, updates, or partnerships
Entry of new buyers and traders, attracted by attractive valuations near oversold conditions
Favorable technical signals on daily charts, including a SuperTrend flip to ‘buy’

Risks to Consider

Investors should also be mindful of risks:

A break below $0.40 could lead to a swift sell-off to much lower price levels, shaking out weak hands.
Persistent negative market sentiment may delay any meaningful recovery.
Broader macroeconomic factors impacting crypto markets could exacerbate downward pressure.

Conclusion: Cautious Optimism as PI Tests Critical Support

Pi Network’s 75% price collapse to a historically significant $0.40 support level marks a crucial juncture. While technical indicators hint at potential seller exhaustion, and a bounce could generate gains of up to 150%, overall sentiment remains subdued, and derivative market data shows limited trader interest.

The next few weeks will be pivotal in determining whether PI can stage a meaningful recovery or succumb to further declines. Traders and investors should watch key support levels, social signals, and technical indicators closely for signs of a turnaround.