Pi Network Price Hits Record Low as Selling Pressure Mounts, 127M PI Unlocks Loom

Pi Network (PI) extended its sharp decline on Wednesday, falling to a fresh all-time low as bearish sentiment continued to weigh on the cryptocurrency market. The token dropped 10% over the past 24 hours to around $0.102, making it one of the day's biggest losers and marking its fifth straight daily decline.

The latest sell-off accelerated after PI broke below the crucial $0.11 support level, triggering additional downside momentum and pushing the price to an intraday low near $0.103. Trading volume also surged approximately 60% during the decline, suggesting increased selling activity and possible stop-loss liquidations. Market analysts now believe the next major support sits near $0.095, with a further decline toward $0.092 possible if bearish momentum continues.

The weakness in Pi Network mirrors broader crypto market conditions, as renewed geopolitical tensions between the United States and Iran dampened investor sentiment. The overall cryptocurrency market capitalization fell nearly 2% over the past day, while Bitcoin remained under pressure after failing to break above the $64,000 resistance level. Ethereum slipped below $1,760, and XRP also extended its losing streak. Analysts note that Bitcoin holding the $58,000-$60,000 support zone could be key to stabilizing the wider market.

Despite the falling price, Pi Network introduced two upgrades to Pi App Studio. The latest updates add backend support that allows developers to store user data across sessions and introduces AI-assisted planning tools designed to help creators generate app ideas before development begins. While these improvements enhance the ecosystem, they have yet to offset ongoing market selling.

Additional pressure may come from upcoming token releases. Pi Scan data shows approximately 127.5 million PI tokens, representing about 2.05% of the locked supply, are scheduled to unlock over the next 30 days. Daily unlocks average around 4.25 million PI, increasing circulating supply and potentially adding further selling pressure.

Technical indicators remain bearish. The Relative Strength Index (RSI) has dropped to 14.24, signaling deeply oversold conditions, while the MACD continues to trend lower. A sustained move above $0.11 could improve sentiment and open the door to resistance at $0.115 and $0.12, but failure to reclaim that level may leave PI vulnerable to another 10% decline toward the $0.092 support area.