Pi Network (PI) is showing signs of short-term support around the $0.20 mark, but the persistent selling pressure in the market continues to weigh heavily on the token. If buyers fail to defend this level, analysts warn that PI could slide toward a new all-time low near $0.15.
A Fragile Support Zone Around $0.20
Pi Network’s downtrend has deepened in recent weeks, with prices dipping below the key $0.25 level amid intensified selling pressure. On October 10, the token plunged nearly 12% during a broader market sell-off triggered by renewed global trade tensions erasing short-term recovery hopes.
The token has now stabilized near the $0.20 zone, which is acting as a temporary support base. However, momentum indicators suggest the bearish sentiment remains strong. The daily RSI is currently deeply oversold, indicating that sellers still dominate.
Additionally, Volume Delta data continues to show consistent selling pressure with no clear signs of accumulation suggesting that most traders are still exiting positions rather than buying the dip.
What Could Trigger a Short-Term Rebound
If the $0.20 support level holds, Pi Network could see a technical bounce toward the $0.25–$0.30 range, especially if buying volume increases in the coming days. Such a rebound would likely be short-lived unless backed by stronger fundamentals or renewed investor confidence.
However, if sellers manage to break below $0.20, the next significant downside target lies near $0.15, which would mark a new all-time low for the token.
Pi Network’s Development Continues Despite Market Weakness
Despite the recent price weakness, the Pi Core Team continues to make progress on expanding the ecosystem. On October 2, the team launched Pi DEX on the Testnet, introducing a decentralized exchange with automated market maker (AMM) liquidity pools, token creation tools, and DeFi functionality for developers and early adopters, known as Pioneers.
According to the team, the DEX remains on Testnet for now to “educate Pioneers, refine projects safely, and prepare for Mainnet DeFi with real Pi.”
This move demonstrates the project’s continued commitment to building its infrastructure even as its token faces selling pressure.
Outlook
For now, the $0.20 support remains the key level to watch. A strong rebound from this area could help Pi Network stabilize in the short term, but continued low volume and market weakness leave the door open for another leg lower.
Unless the broader market sentiment improves or Pi Network delivers a significant ecosystem update, the risk of a move toward $0.15 remains on the table.
