Pi Network’s native token PI fell more than 10% in the past 24 hours, reversing gains from the v25 protocol upgrade rally. Trading volume rose 35% during the decline while Bitcoin’s volume fell, signaling coin-specific selling pressure. Profit-taking from the 43% surge off the all-time low of $0.07036 and upcoming unlocks of 775.8 million PI tokens through December 2026 drove the sell-off. The daily and hourly market structure turned bearish, with the RSI dropping to 18 in oversold territory. A break below $0.0800 could expose the $0.07036 all-time low.
Pi Network‘s PI fell more than 10% in 24 hours, days after gaining 11% following the v25 protocol upgrade. Trading volume rose about 35% as PI declined.
By contrast, Bitcoin‘s trading volume fell, suggesting broader market inactivity. This divergence indicated coin-specific selling pressure on PI.
The daily and hourly market structure turned bearish. This reversal came days after PI gained short-term momentum from the v25 upgrade.
Bears regained control after PI broke below the ascending trendline from its all-time low. PI reached its ATL of $0.07036 before recovering to $0.10072, but now sits 13% above that low.
The MACD showed strengthening bearish momentum. The RSI fell to 18, deep in oversold territory.
A break below $0.0800 could expose the $0.07036 ATL. However, the oversold RSI may signal seller exhaustion and room for a short-term reversal.
Profit-taking from the 43% surge from ATL to $0.10072 contributed to selling pressure. Additionally, Pi Network is set to unlock 775.8 million PI tokens through December 2026, increasing liquid supply.
Additional supply could improve market liquidity and reduce sharp swings. But it cannot absorb persistent selling by itself.
PI’s outlook depends on whether new demand can match supply. Without stronger demand, the decline could retest $0.07036.
