Pi Network continues to see bloodshed like The PI signal is low another 16% today, hitting a new all-time low of around $0.0814. The token has now lost about 97.3% from its all-time high of $2.98.
So, what is driving today’s sharp decline, and can PI recover from here?
103 Million Pi Opens a Month Add Pressure
One of the main reasons for today’s drop is the opening of the Pi sign on the moon. More than 3.1 million PI tokens entered today, while another 103.69 million tokens it is scheduled to open next month.
As more lock-in signs exist, early miners continue to sell their assets, fearing that they will not get the price they were hoping for. Although consumer demand remains weak, creating an imbalance between supply and demand.
Sales Volume Increases When Sellers Exit
Another reason for today’s decline is the large increase in sales activity. Pi’s daily trading volume jumped 169% to $21.81 million, confirming that many are holding their positions instead of buying the latest dip.
The volume of trading also shows that sellers remain in control, with investors losing confidence as the indicator continues to make new lows.
PI Coin Needs Major Exchange List
Pi Network is also struggling because it does not have listings on major exchanges such as Binance, Coinbase, and Bybit. This is because the project has not yet met several requirements on the list regarding transparency, technical stability, and regulatory compliance.
Pi Network also follows its own Know Your Business (KYB) verification process, which requires exchanges to complete additional verification before registering a PI. Many Tier-one exchanges have shown little interest in complying with these requirements.
While exchanges like OKX and Bitget support Pi trading.
The value of Pi Network Outlook
As of now, Pi remains under selling pressure after losing the key $0.10 level. The next major support now sits near $0.0800, which has become an important emotional level for buyers.
If PI manages to hold above $0.0800, the price can stabilize and trade between $0.0800 and $0.0900 in the short term.
However, if the sellers push the price below $0.0800, the next target could be near $0.0750.
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