Pi Network (PI) Price Bounces After All-Time Low but Trend Remains Bearish

Pi Network continues to struggle, as its price analysis suggests further downside.

After losing over 90% of its value since launch, the coin remains trapped under its original resistance.

Pi Network hit a new all-time low last week, and the lack of a bounce raises concerns that another breakdown may be imminent.

Pi Network Price Analysis

The PI price has fallen by over 90% since its launch in March.

Its decline is contained within a descending resistance trend line, which has caused numerous rejections thus far (red icon).

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At the end of September, it seemed that Pi Network’s bearish trend had ended, since the price finally broke out from its diagonal resistance (black circle).

However, this was not the case, as a massive decline in the final week of the month led to a new all-time low of $0.184.

Although the price has bounced, it remains below the descending resistance, confirming that the PI trend is bearish. 

Additionally, momentum indicators are bearish. The Relative Strength Index (RSI) is below 30, and the Moving Average Convergence/Divergence (MACD) is bearish.

Due to these readings, the Pi Coin price prediction is bearish, and the downward trend is expected to continue for the remainder of the year.

Let’s examine a lower time frame outlook and identify the following levels of interest that could trigger a bounce.

Another PI Breakdown Likely

The shorter-term six-hour time frame indicates that PI has been trading within a descending triangle for the past ten days.

The descending triangle is considered a bearish pattern, from which a breakdown is likely.

Pi Network is nearing the end of a triangle, so that a decisive movement could occur soon.

Once a breakdown occurs, a decline that travels the entire pattern’s height will take the PI price to $0.228.

The target aligns with the 0.618 Fibonacci retracement support level, adding even more confluence to it.

So, despite being in a bearish long-term trend, the PI price could bounce significantly once it hits $0.228.

Trend Remains Bearish

The charts clearly indicate that Pi Network’s bearish trend is not yet over.

With a descending triangle forming and momentum indicators flashing weakness, another breakdown looks likely.

Still, a bounce from the $0.228 support zone could offer a temporary relief rally before the broader downtrend resumes.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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