{"id":44366,"date":"2026-06-04T12:48:14","date_gmt":"2026-06-04T12:48:14","guid":{"rendered":"https:\/\/financialrush.com\/?p=44366"},"modified":"2026-06-04T12:48:14","modified_gmt":"2026-06-04T12:48:14","slug":"quick-rebound-or-another-collapse-next","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=44366","title":{"rendered":"Quick Rebound or Another Collapse Next?"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>&#13;<br \/>\n\t\t\t\t\t\t\t\t\tDespite the massive collapse, some popular X commentators still believe in PI\u2019s potential.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>The state of the entire cryptocurrency market has been in shambles in the past several days, but some assets have taken this correction harder than others.<\/p>\n<p>Pi Network\u2019s PI token is among the poorest performers, as it dumped to a fresh all-time low of under $0.12 on some exchanges. The question is: what\u2019s next?<\/p>\n<h2 id=\"pi-tanks-to-new-atl\">PI Tanks to New ATL<\/h2>\n<p>PI\u2019s previous all-time low came shortly after the early February market crash when BTC bottomed (for now) at $60,000. PI tanked to $0.1312 (CoinGecko data) but managed to rebound significantly in the following month. In fact, it soared to roughly $0.30 by March 13 (known as PiDay 2026) after a Kraken listing announcement.<\/p>\n<p>The subsequent correction, though, has been even more <a href=\"https:\/\/cryptopotato.com\/pi-network-pi-plummets-30-in-classic-sell-the-news-crash-following-kraken-listing\/\">profound and painful<\/a>. PI quickly erased the mid-March gains and plunged below $0.20. It kept heading south and <a href=\"https:\/\/cryptopotato.com\/pi-networks-pi-token-plunges-toward-atl-levels-despite-gaming-progress\/\">lost the $0.15 support<\/a> earlier this week. It almost felt inevitable given the overall market state, and PI dumped beneath the February lows earlier today.<\/p>\n<p>The chart below shows a quick wick to under $0.12, while CoinGecko shows that the new all-time low was at $0.1263. Despite the discrepancy, the reality is that PI marked a fresh low today as its market cap plummeted to under $1.260 billion. It\u2019s now down to the 58th spot on this metric, a long way from the near top-10 place it held shortly after its launch last February.<\/p>\n<figure id=\"attachment_1438838\" aria-describedby=\"caption-attachment-1438838\" style=\"width: 1574px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/PI-1.png\"><\/a><figcaption id=\"caption-attachment-1438838\" class=\"wp-caption-text\">Pi Network (PI) Price on CoinGecko<\/figcaption><\/figure>\n<h2 id=\"whats-next\">What\u2019s Next?<\/h2>\n<p>Many crypto commentators weighed in on the broader market\u2019s crash and PI\u2019s collapse. CryptoCoinPi, for instance, <a href=\"https:\/\/x.com\/Crypotcoinpi\/status\/2062393978335752418\" target=\"_blank\">noted<\/a> that this significant decline is a reason to panic for some people. However, they believe PI\u2019s price is just a small portion of Pi Network\u2019s overall ecosystem, and what matters now is whether it could \u201cthrive\u201d under these conditions.<\/p>\n<p>Zerosignal <a href=\"https:\/\/x.com\/LongAntony75150\/status\/2062354872079622412\" target=\"_blank\">added<\/a> that this crash could provide a solid opportunity to buy-the-dip and prepare for the next bull run that could drive PI north again. On the other hand, PiHotNews said the path toward the $0.10 mark is now open to become PI\u2019s new low. Nevertheless, they <a href=\"https:\/\/x.com\/ntdland2019\/status\/2062389555878347202\" target=\"_blank\">explained<\/a> that they still have \u201cabsolute faith\u201d in Pi Network despite the price crash.<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Exclusive)<\/span><\/center><br \/>\n<b>Binance Free $600 (CryptoPotato Exclusive): <a href=\"https:\/\/cryptopotato.com\/binance600f\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'binance', 'link_type': 'main'}); }\">Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (<a href=\"https:\/\/cryptopotato.com\/binance600d\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'binance', 'link_type': 'full_details'}); }\">full details<\/a>).<\/p>\n<p><b>LIMITED OFFER for CryptoPotato readers at Bybit: <a href=\"https:\/\/cryptopotato.com\/pl\/bybit24\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'bybit', 'link_type': 'main'}); }\">Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/pi-networks-pi-hits-rock-bottom-quick-rebound-or-another-collapse-next\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#13; Despite the massive collapse, some popular X commentators still believe in PI\u2019s potential. The state of the&hellip;\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":["post-44366","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44366","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=44366"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44366\/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=44366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}