Pi Network [PI] has fallen below the $1 billion market cap after the token’s latest losses on the price chart. PI crypto is down 13.4% over the past week. Risk-on market conditions might become too risky for most investors very soon, as the rate hike news showed.
It could be the beginning of a phase of tightening liquidity, which threatens crypto markets’ bullish momentum in recent weeks.
Bitcoin [BTC] suffered a sell-off from $82k to $75k in recent days, and has begun to push higher once again after the FOMC rate decision. On the other hand, PI crypto continued to face bearish pressure.
The PI crypto bearishness extends beyond just the recent weeks
Since Tuesday, the 15th of September, the Pi Network token has shed 15.42%, dropping from the $0.10 psychological supply zone to $0.083 at the time of writing.
The overall trend of the altcoin on the daily chart was bearish. It continued to trade within the swing points at $0.1395 and $0.07, maintaining the bearish swing structure that has been in place on this timeframe since June 2025.
Within this dountrend, the $0.0986 (orange) level has been a key resistance since July. After repeated attempts to break this supply zone, PI crypto bulls have had to face another setback after the recent sell-off.
Traders’ call to action- Sell the bounce
The higher timeframe PI price trend showed bears were dominant. The attempted breakout since July was unable to muster the strength to convincingly climb past even the $0.10 psychological supply zone.
The 4-hour chart saw a bearish structure flip when the price broke the $0.0844 low from last month. The higher timeframe trend, and the stern resistance at $0.10 reinforced the bearish PI crypto price bias.
The Fibonacci retracement levels showed that a price bounce toward the $0.0918 level is possible. If such a bounce toward premium price territory occurs, swing traders should be looking to sell.
Final Summary
- The PI crypto market capitalization has slid below the $1 billion mark once again.
- The recent selling pressure was only part of the higher timeframe downtrend and underlined the seller’s control of the $0.10 zone.
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