Pi Network Price Prediction: Approaching the $0.20 life-and-death line, RSI Oversold may set a new historical low

The Pi Network price has formed a short-term support level around $0.20, but ongoing selling pressure indicates that the token may further decline to a historical low near $0.15. Pi Network price predictions show a continued downward trend, with the daily RSI still severely oversold, while trading volume Delta data indicates that selling pressure continues to dominate, with no significant accumulation signs yet.

Pi Network price vulnerability of short-term support at 0.20 USD

(Source: Trading View)

The price of Pi Network is forming a short-term support level around 0.20 USD, but ongoing dumping pressure may push the token towards historical lows near 0.15 USD. Pi Network price forecasts indicate a continued downtrend, recently breaking below the key 0.25 USD level, which is an important technical level that has been tested multiple times in the past. The break below 0.25 USD confirms the continuation of the downward trend and opens up space for lower price levels.

On October 10, due to the market massacre triggered by the escalation of trade tensions, selling pressure intensified. On that day, the token plummeted nearly 12%. This drop synchronized with the systematic decline of the entire cryptocurrency market, as Trump's announcement of a 100% tariff on China caused panic in the global market, leading to the liquidation of over $20 billion in leveraged positions in the cryptocurrency market. Pi Network, as a relatively illiquid token, experienced an even sharper decline under this market shock.

PI has now fallen to the $0.20 region and seems to be establishing a short-term support base. The daily RSI is still severely Oversold, while the Trading Volume Delta data indicates that dumping pressure continues to dominate, with no significant accumulation signs yet. A severely Oversold RSI (Relative Strength Index) is typically seen as a rebound signal, but in a sustained downtrend, Oversold can become more Oversold. Trading Volume Delta is the difference between buy and sell volumes, with negative values indicating that selling is dominant; the current data shows that selling pressure has not yet eased.

From a technical structure perspective, the support level at 0.20 USD is a whole number level and also a psychological price point, but its strength is yet to be verified. If the price stays around this level and shows horizontal consolidation with a shrinking trading volume, it may form an effective support. However, if the price only briefly stays near 0.20 USD and continues to decline while trading volume increases, the probability of the support failing is very high.

Key technical levels for Pi Network price prediction:

Current Price: 0.20 USD area (forming a short-term support base)

Previous Support: 0.25 USD (has been broken, confirming the downward trend)

Key support: $0.20 (holding may rebound to $0.25-$0.30)

Historical New Low: 0.15 USD (the next target after falling below 0.20)

RSI Severe Oversold and Trading Volume Delta Technical Alert

The daily RSI is still severely Oversold, which is a contradictory signal in the Pi Network price prediction. Oversold typically means that the asset is undervalued and may experience a technical rebound. However, in a strong downtrend, the RSI can remain in the Oversold region for a long time. During the 2022 Luna collapse, the RSI stayed in the Oversold region for weeks, with the price dropping from $80 to almost zero. Although the Pi Network is unlikely to experience such an extreme situation, this example illustrates that Oversold does not guarantee a rebound.

The Trading Volume Delta data indicates that selling pressure continues to dominate, with no significant accumulation signs yet. Trading Volume Delta is an important indicator for measuring the comparison of buying and selling strength in the market, with larger negative values indicating stronger selling pressure. Current data shows that sell orders continue to prevail, which means that even if prices are temporarily stable, they may drop at any time due to new selling orders. A true bottom formation requires seeing Trading Volume Delta turn positive, meaning that buying orders begin to exceed selling orders.

If the support level at 0.20 USD holds, a technical bounce may occur, targeting between 0.25-0.30 USD, especially with an increase in Trading Volume. A technical bounce refers to a short-term rebound based on an Oversold condition, rather than a trend reversal. 0.25 USD is the position where previous support turns into resistance, and recovering it will improve the technical outlook. 0.30 USD is a higher resistance level, and only breaking through it can confirm the true end of the downtrend.

However, the risk scenario of Pi Network price prediction deserves more attention. If the support level of 0.20 USD is not maintained, it could drop to a new low of 0.15 USD. A drop from 0.20 to 0.15 represents a 25% decline, which is an additional blow for Pi Network, which has already fallen 93% from its historical high of 3 USD. 0.15 USD may represent a deeper technical support level, but it could also just be a temporary stop on the way down.

The continuous decline in the price of Pi Network reflects the structural problems faced by the project. The slow progress of the mainnet opening, the enormous pressure from token unlocks (as mentioned earlier, about 116 million tokens will be unlocked in the next 30 days), the potential dumping pressure from over 412 million tokens stored on exchanges, and the lack of practical application scenarios are all factors that suppress the price. Unless the project makes breakthrough progress in technology, ecology, or partnerships, the price may continue to seek a bottom.

Can the Pi DEX testnet turn around the downturn?

(Source: X)

Despite the continuous decline in the price of Pi Network, the Pi core team is still actively promoting the construction of the network ecosystem. On October 2, they launched Pi DEX on the test network, introducing AMM liquidity pools, token creation tools, and complete DeFi functionalities for pioneer users and developers to explore. According to the team, the reason it is only on the test network is to “educate the pioneers, safely refine the project, and prepare for the mainnet DeFi using real Pi.”

The launch of Pi DEX is an important milestone in the ecological development of Pi Network. The AMM (Automated Market Maker) liquidity pool is the core mechanism of modern DEX, and successful DEX like Uniswap and PancakeSwap adopt this model. If Pi DEX can be successfully deployed on the mainnet and attract sufficient liquidity, it will create real use cases and token demand for Pi Network. The token creation tool allows developers to issue new tokens on the Pi chain, which may give rise to a token ecosystem similar to Ethereum or BSC.

However, there is a significant gap between the deployment of the testnet and the launch of the mainnet. The testnet environment is relatively simple, with limited participants, and the test tokens have no real value. Mainnet deployment must face real economic incentives, security challenges, and performance pressures. The history of Pi Network shows that the transition from testnet to mainnet often takes longer than expected. When Pi DEX will truly launch on the mainnet, and whether it can attract enough users and liquidity post-launch, remains unknown.

From the perspective of price prediction for Pi Network, the launch of Pi DEX has a limited short-term impact on price. The market is more focused on the actual deployment of the mainnet and user adoption, rather than the proof of concept of the testnet. Only when Pi DEX is truly launched on the mainnet, handling a large number of real transactions and demonstrating competitiveness, can it provide substantial support for the price. Before that, Pi DEX is more about 'making big promises' rather than 'fulfilling commitments'.

From the perspective of community sentiment, long-term holders of Pi Network (often referred to as “pioneers”) still maintain a certain level of confidence in the project, but their patience is wearing thin. The project has been over 5 years since its launch in 2019, and the mainnet is still not fully open, with promised features and applications yet to be realized. The price has plummeted from $3 to $0.20, with many people's investments losing more than 90%. In this situation, even if the team continues to roll out new features, the market's reaction may be numb.

For investors considering building positions at current levels, it is important to recognize the extremely high risks. The optimistic scenario for Pi Network price prediction is to hold at $0.20 and rebound to $0.25-$0.30, but this requires a significant increase in Trading Volume and improvement in market sentiment. The pessimistic scenario is to break below $0.20 and create a new low of $0.15, in which case losses would reach 25%. The risk-reward ratio is not ideal unless investors have strong confidence in the long-term prospects of Pi Network.

A wiser strategy might be to wait for clearer signals. If the $0.20 support remains strong after being tested for several weeks, and the trading volume Delta turns positive indicating that buying pressure is starting to dominate, and if Pi DEX successfully deploys its mainnet and achieves actual usage, then consider building a position after these conditions are met. Blindly bottom-fishing is likely to get you trapped halfway up, because “there's nowhere left to fall” does not exist in the crypto market; there is always a lower price waiting for you.

Frequently Asked Questions

Pi Network Price Prediction: Is 0.15 USD the Bottom?

It's uncertain. Although $0.15 is a historic low, there is technically no absolute bottom. If the fundamentals of the project do not improve, the price may continue to seek a bottom. It is recommended to wait for a clear reversal signal before entering.

Why is the price still falling when RSI is Oversold?

RSI Oversold only indicates that the short-term decline is too large and does not guarantee an immediate rebound. In a strong downtrend, the RSI can remain in the oversold region for a long time. It needs to be combined with Trading Volume and price behavior for comprehensive judgment.

Is the launch of the Pi DEX testnet a positive development?

The testnet deployment is progressing, but has limited impact on the price. The market is more focused on the actual deployment of the mainnet and user adoption. Only real application scenarios and Trading Volume can support the Token price.

Is it a good time to buy the dip on Pi Network?

High risk. It is recommended to wait for the 0.20 USD support to be fully tested, for the Trading Volume Delta to turn positive, and for multiple confirmations such as the Pi DEX mainnet launch before considering. Blindly bottom-fishing may get you trapped at lower price levels.