- Pi Network price has fallen below $0.09 after failing to break above the key $0.10 resistance level.
- Another drop toward the $0.07 all-time low is possible unless buyers regain control.
Pi Network’s recovery has stalled after another sharp price decline pushed PI below the key $0.09 level. The latest drop has renewed concerns that the token could revisit its all-time low if buyers fail to regain control.
PI Drops Below Key Support Again
PI has struggled throughout July, with repeated price declines keeping pressure on investors. After falling below the important $0.10 support earlier this month, the token hit a fresh all-time low of just above $0.07.
That level briefly sparked a recovery. PI surged about 20% within days, making it one of the market’s strongest performers during the rebound. However, the rally lost strength as sellers defended the $0.10 resistance.
The rejection triggered another wave of selling. Over the past 24 hours, PI has dropped by more than 10%, slipping below $0.09 and trading near $0.082 at the time of writing.
The latest move extends a pattern that has repeatedly appeared over the past year. PI often stabilizes for several weeks before falling to new lows, followed by a short-lived rebound that eventually loses momentum.
Why Pi Network Continues to Struggle
The project has continued to introduce updates, protocol improvements, and product enhancements. However, those developments have not translated into lasting price gains.
Many investors remain cautious as confidence in PI’s long-term recovery has weakened. At the same time, the network’s ongoing daily token unlocks continue to increase supply, adding pressure to the market.
Without stronger buying demand, positive announcements have only delivered temporary price increases before sellers regain control.
Can PI Recover From Here?
From a technical standpoint, the $0.10 level remains the most important resistance for PI. A successful move above that price could improve market sentiment and give buyers a stronger foundation for recovery.
If PI fails to reclaim $0.10, attention could shift back to the all-time low near $0.07. Losing that support would leave the token with no historical price floor, increasing the risk of another decline into uncharted territory.
PI has also continued to slide in the cryptocurrency rankings by market capitalization. After previously sitting among the top 50 cryptocurrencies, it has dropped outside the top 70 and could fall out of the top 100 if selling pressure continues.
Outlook
Pi Network remains under pressure despite recent development updates from the Core Team. The repeated failure to reclaim $0.10 suggests buyers have yet to regain control of the trend.
For now, traders will likely watch two key price levels. A recovery above $0.10 could signal renewed strength, while a break below the recent $0.07 low may open the door to further losses and another round of price discovery.
ALSO READ: Pi Network Recovery at Risk as Protocol v25 Meets Token Unlock Pressure
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