- Pi Network price hit an all-time low of $0.22 as cryptocurrencies struggled with profit-taking.
- However, bulls are looking at a potential buy-the-dip opportunity and could push for a rebound to $0.50.
- Technical indicators offer mixed signals, highlighting the indecisive market.
Pi Network extended its declines on Tuesday as the price crashed to a new all-time low of $0.22.
However, with bulls notching a small bounce on the day, it’s likely the profit-taking could allow for a notable buy-the-dip opportunity for bulls.
A turbulent few days for crypto nonetheless means market mood has flipped slightly bearish, but could PI price bounce amid potential broader market tailwinds in the coming months?
Pi price plunges to record low
PI is trading at around $0.28, up by nearly 4% in the past 24 hours.
While this marks a slight bounce from an all-time low of $0.22, the altcoin remains 20% down in the past week.
The sharp drop witnessed on September 23, 2025, when PI nosedived from highs of $0.36, also adds to the bearish picture that has the token down 90% from its all-time peak of $2.98 reached in February 2025.
Currently, PI price sits below the critical support zone at $0.30.
However, with the price slightly up amid a 16% decrease in daily trading volume, a flip in sentiment may materialise.
Notably, Pi Network has faced downward pressure amid a recent token unlock that saw 160 million PI tokens enter circulation.
The flooding of the market with additional supply contributed strongly to the price decline.
Macroeconomic pressures also added further pain, with panic selling as risk assets swung, emboldening bears.
But analysts say September doldrums could give way to “Uptober”.
“The tone has shifted from