TL;DR<\/strong><\/p>\n Just a few hours ago, the price of Pi Network\u2019s PI plunged to a new record low below $0.40. Its market capitalization dived to approximately $3.13 billion, making the asset the 44th-largest in the crypto sector.<\/span><\/p>\n The main reason for the latest downtrend appears to be <\/span>the correction<\/span><\/a> of the broader digital asset market, where bitcoin (BTC) temporarily dropped below $114,500 and Ripple (XRP) lost<\/a> the psychological level of $3.\u00a0<\/span><\/p>\n Other factors that may add to PI\u2019s negative performance include the unlocks scheduled for the next 30 days, the rising amount of assets stored on crypto exchanges, and the uncertainty surrounding the coin\u2019s potential listing on Binance.\u00a0<\/span><\/p>\n Data shows that almost 160 million PI will be freed up in the following month, which will allow some investors to sell tokens they\u2019ve been waiting for a long time.\u00a0<\/span><\/p>\n A few weeks ago, the total number of PI situated on cryptocurrency exchanges <\/span>surpassed<\/span><\/a> 400 million. The figure has been steadily growing and currently <\/span>stands<\/span><\/a> at an all-time high of approximately 405.5 million, resulting in increased selling pressure.<\/span><\/p>\n Proponents of the asset rely on groundbreaking news, such as PI\u2019s listing on major platforms, to stop the free fall. Recently, there has been <\/span>renewed speculation<\/span><\/a> that Binance might embrace the token, with the community eyeing August 15 as a potential date. However, there\u2019s nothing official, and this might turn out to be just the next rumor. <\/span><\/p>\n It is worth mentioning that the exchange has already <\/span>asked<\/span><\/a> its users if they want to see PI available for trading, and over 85% of the voters clicked \u201cyes.\u201d<\/span><\/p>\n It\u2019s not all doom and gloom for PI as its Relative Strength Index (RSI) has moved <\/span>to<\/span> oversold territory with a ratio around 30.<\/span> This<\/span> means that the asset\u2019s price has declined too rapidly in a short period and could <\/span>be poised<\/span> for a rally.<\/span><\/p>\n The technical analysis tool helps traders identify oversold or overbought conditions, ranging from 0 to 100. Typically, readings above 70 suggest a pullback might be just around the corner, while those below 30 are seen as buying opportunities. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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The Free Fall Continues<\/h2>\n
![\"PI](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-31.jpg\")
Something for the Bulls<\/span><\/h2>\n
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