- Pi Network price fell more than 20% to $0.28, with an intraday low of $0.22.
- Declines came amid a bloodbath across crypto, with Bitcoin falling to near $112k.
- Over the coming weeks, the key levels to watch will be $0.28–$0.22 area.
Pi Network (PI) has crashed more than 20% in the past 24 hours as a major crypto downswing has top altcoins bleeding.
The PI token price now hovers around $0.28 after dropping below the key level of $0.30 amid Bitcoin’s sharp decline to near $112k.
Amid a sector-wide sell-off, is PI’s trajectory set for further pain? Or can bulls defend critical thresholds in the short term?
Pi Network nosedives 20% to key support
Pi Network’s PI token plummeted more than 20% on September 22, 2025, settling near $0.28 at the time of writing.
The altcoin’s price tested lows of $0.22, an all-time low for a cryptocurrency that spiked to highs of $1.24 in May and hit its all-time high near $3.00 in February 2025.
Declines have propelled the PI token to a pivotal support zone around the $0.28–$0.30 zone.
This downside has come amid a sharp ascent in daily trading volume, a scenario that points to the frantic activity as bulls look to the dip and bears eye fresh lows.
Notably, Pi Network’s downturn mirrors a brutal market rout.
Most major coins were bleeding red as Bitcoin crashed to near $112,000, and the global crypto market saw over $1.7 billion in value wiped off in one of the steepest price dips in months.
Per Coinglass data, more than $1.7 billion was liquidated across the cryptocurrency market in 24 hours.
Most of this, about $1.61 billion, was in long positions and only $85.8 million in short positions.
Bitcoin and Ethereum saw $276 million and $483 million in 12-hour liquidations, respectively.
As Ethereum dropped to near $4,100, down more than 6% on the day, other altcoins followed suit.
Solana shed 8%, XRP nearly 7% and Dogecoin stumbled to near $0.23.
Despite broader optimism, macroeconomic jitters allowed for a bearish flip.
Analysts attribute the cascade of bloodbaths across leveraged positions to panic selling.
PI price forecast – short-term outlook
The market’s performance paints a likely short-term picture for Pi Network.
Notably, technical indicators signal potential for prolonged consolidation or mild recovery if support holds.
Over the coming weeks, the key levels to watch will be $0.28–$0.22 area, with subdued on-chain activity adding to this outlook.
However, a bullish reversal might emerge if top alts and Bitcoin see a notable spike and prices stabilise above key levels.
Recent ecosystem upgrades like token lock-ups for enhanced mining rewards and decentralised KYC are likely catalysts.
The flipside is that bears take control and push for the $0.20 region.
