- \n
- PI collapsed by double digits, while rising exchange balances and upcoming token unlocks point to mounting selling pressure.<\/span><\/li>\n
- Despite the bearish sentiment, the asset’s RSI at 29 signals oversold conditions, hinting at a possible rebound.<\/li>\n<\/ul>\n
<\/a><\/span><\/h2>\n
PI Bleeds out Heavily<\/h2>\n
The cryptocurrency market experienced<\/a> a sudden and painful correction today (September 22), with Pi Network’s PI being among the biggest losers. Its price tumbled by 18% on a 24-hour scale, briefly dumping to a new all-time low of around $0.25 before slightly rebounding to the current $0.29 (per CoinGecko’s data).\u00a0<\/span><\/p>\n
![\"PI](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/PI-Price-2.png\")
<\/a>PI Price, Source: CoinGecko<\/figcaption><\/figure>\n Its market cap plunged below $2.5 billion, thus making the asset the 62nd-largest in the entire sector. Recall that earlier this year, when PI’s price hit an all-time high of $3, the capitalization skyrocketed above $13 billion, positioning the asset in crypto’s top 20 club.\u00a0<\/span><\/p>\n
Over the past few weeks, Pi Network’s team <\/span>implemented<\/span> some vital upgrades that aim to strengthen the ecosystem. Most recently, the X account Pi News revealed<\/a> that the testnet has been upgraded to protocol v23, which enables more control and new functionalities for users.<\/span><\/p>\n
Announcements of that type, though, have not been beneficial for PI’s price. At the same time, factors like the increased amount of tokens stored on crypto exchanges <\/span>suggest<\/span><\/a> the pullback might intensify in the short term. Data shows that the figure reached a new record of over 446 million, with almost half of that stored on Gate.io.<\/span><\/p>\n
The constant transfer of coins to centralized platforms does not guarantee a mass exit, but it <\/span>is often interpreted<\/span> as the step before a sale.\u00a0<\/span><\/p>\n
The total unlocks scheduled for the next month also support the bearish scenario. More than 137 million PI are <\/span>scheduled<\/span> for release within that period, with October 1 being the record day (13.1 million). The unlocks, albeit not as aggressive as earlier this year, increase the selling pressure.
\n<\/span><\/p>\n![\"PI](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Token-Unlocks.png\")
<\/a>PI Token Unlocks, Source: piscan.io<\/figcaption><\/figure>\n The Light at the End of the Tunnel<\/span><\/h2>\n
Contrary to the elements above, which hint at more troubles ahead for the bulls, PI’s Relative Strength Index (RSI) suggests the worst might be over.\u00a0<\/span><\/p>\n
The technical analysis tool measures the speed and magnitude of recent price changes to help traders identify potential reversal moments. It ranges from 0 to 100, with values below 30 indicating the asset may be oversold and poised for a rebound. As of this writing, the RSI stands at around 29.
\n<\/span><\/p>\n![\"PI](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/PI-RSI.png\")
<\/a>PI RSI, Source: TradingView<\/figcaption><\/figure>\n Meanwhile, some Pi Network community members believe the recent price decline could represent an excellent buying opportunity. Such is the example of the X user Woody Lightyear, who <\/span>said<\/span><\/a>:<\/span><\/p>\n
\n
“I watched it live. I was waiting for it. The long red wick candle was a beautiful opportunity. Please liquidate the shorts, too. I am buying PI.”<\/span><\/p>\n<\/blockquote>\n
The post Pi Network’s Price Tanks to a New All-Time Low: Is There Any Hope Left for PI?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TL;DR PI collapsed by double digits, while rising exchange balances and upcoming token unlocks point to mounting selling…\n","protected":false},"author":2,"featured_media":35902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-35901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35901"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/35902"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} - Despite the bearish sentiment, the asset’s RSI at 29 signals oversold conditions, hinting at a possible rebound.<\/li>\n<\/ul>\n
![\"PI](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/PI_CB-1-1.jpg\")
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