Pi Network Price Extends Decline Amid Weak Market Conditions
The Pi Network is currently experiencing a precarious stage, with its price action indicating a decline in momentum, even amidst the broader movements in the cryptocurrency market. Recent sessions showed little change in volatility, as rising market uncertainty drove the asset down to lower price levels.
Experts point out that diminishing accumulation and lower liquidity inflows are significant factors driving the current downturn. If sentiment does not improve, the token may face the risk of descending deeper into an extended consolidation phase.
Price Slides 0.6% in 24 Hours With Low Volatility
On October 9, 2025, Pi Network was valued at approximately $0.2371, reflecting a 0.6% decline over the past 24 hours. The token experienced slight fluctuations, moving within a narrow band between $0.2334 and $0.2436, indicating mild volatility amid selling pressure.
The current market capitalization is approximately $1.95 billion, while the fully diluted valuation is around $3.01 billion. The trading volume hit $35.19 million within a 24-hour period, reflecting a consistent but careful engagement from short-term traders.
Pi Coin Decouples From Bitcoin as Correlation Turns Negative
The correlation between Pi Coin and Bitcoin has decreased to -0.24, indicating a significant departure from the prevailing market trends. This separation indicates that Pi Coin is no longer influenced by Bitcoin’s overall upward momentum.
Generally, a positive correlation with Bitcoin enhances the performance of altcoins during market recoveries. The existing unfavorable relationship indicates a decline in investor confidence and a reduction in optimism regarding Pi Coin’s potential to align with broader market upswings.
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Technical Indicators Reveal Stalled Momentum and Bearish Continuation
The Moving Average Convergence Divergence indicator has recently neared a bullish crossover, which typically signals a potential recovery following prolonged downtrends. Nevertheless, waning sentiment and ongoing selling pressure hindered the validation of that signal.
Consequently, Pi Coin was unable to maintain its upward momentum and continued its downward trend for two weeks in a row. Market data reveals a continued strong presence of sellers, highlighting delicate technical conditions in the shorter time frames.
Pi Coin Slips Below $0.24 Support Level, Indicating Weak Demand and Market Pressure
Pi Coin is currently trading just under its important $0.240 support level, indicating a decline in market strength. The token has experienced a decline of approximately 9% over the past 24 hours.
Experts caution that if demand continues to be weak, prices may drop to around $0.200 and could potentially approach the all-time low of approximately $0.184. This situation indicates a possible downside risk of around 23% from the current levels.
Restoration Demands Reasserting Strength Above $0.270
To reverse its recent downturn, Pi Coin needs to push past the $0.270 resistance level. Continued movement past that point may draw in fresh buying interest and indicate a strengthening technical configuration.
A confirmed daily close above $0.270 could pave the way to $0.286, marking the next key resistance area. This shift would negate current bearish outlooks and briefly revive market optimism.
Pi Coin Faces Ongoing Downward Pressure Amid Broader Crypto Market Instability
As the broader crypto market remains unstable, Pi Coin is expected to experience ongoing downward pressure. Experts are exercising caution when it comes to forecasting a significant rebound in the near future.
Market participants are closely monitoring Bitcoin’s upcoming movements, as its rally may have a ripple effect on altcoin liquidity. Nonetheless, in the absence of renewed investor involvement, Pi Coin faces the threat of extended stagnation, even with its comparatively stable transactional activity.
