Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pi Network Price Slips Toward All-Time Low With No Fresh Demand in Sight

Pi Network Price Slips Toward All-Time Low With No Fresh Demand in Sight

BeInCryptoBeInCrypto2025/07/24 05:00
By:Abiodun Oladokun

Pi Network’s token struggles within a narrow trading range, with weak demand and low volume pointing to a bearish outlook. The asset risks breaking down unless fresh momentum enters the market.

Pi Network’s native token has extended its lackluster performance by yet another day, tumbling 7% in the last 24 hours. 

The fresh decline has pushed the asset closer to the lower trend line of the narrow trading range it has traded within since July 15, putting its all-time low back in sight. With new demand still significantly absent, the question is no longer if—but when—a breakdown could occur.

Will PI Break Down or Bounce?

The PI token price has traded within a tight range since July 15, struggling to break free from the $0.43 support and the $0.46 resistance. Despite multiple attempts to push above the upper boundary, each rally has failed due to weak demand, forcing the token back into sideways movement.

In its spot markets, daily trading volumes remain low, suggesting waning market participation and little appetite for a bullish reversal. Over the past day, this is down 14% and totals $105 million at press time. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter .

Pi Network Price Slips Toward All-Time Low With No Fresh Demand in Sight image 0PI Price and Trading Volume. Source:

When an asset’s price and trading volume drop simultaneously, it confirms weakened market interest and fading momentum from buyers and sellers. This suggests a lack of conviction among IP traders, which could worsen its price performance if volume does not recover.

Furthermore, momentum indicators continue to show that buying pressure has thinned significantly. For example, PI’s Balance of Power (BoP) returns a negative value of -0.64 as of this writing, highlighting the sell-side pressure in the market. 

Pi Network Price Slips Toward All-Time Low With No Fresh Demand in Sight image 1PI BoP. Source:

The BoP indicator measures the strength of buyers versus sellers in the market. When its value is positive, buyers dominate the market over sellers and drive newer price gains. 

Conversely, a negative BoP reading signals that sellers are in control, with little to no buyer resistance. PI’s BoP reinforces the bearish outlook for the altcoin, suggesting that selling activity could continue if fresh demand fails to enter the market.

PI Eyes $0.40 Breakdown or $0.50 Breakout

If selloffs persist, a slip below the support floor at $0.43 is likely. In this scenario, PI risks plunging to its all-time low of $0.40. If distribution continues, PI could even register new price lows.

Pi Network Price Slips Toward All-Time Low With No Fresh Demand in Sight image 2PI Price Analysis. Source:

On the other hand, a positive catalyst could propel a break above resistance at $0.46. If this happens, the PI token price could climb toward $0.50.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!