Pi Network’s token is still sliding. In the past 24 hours, most leading cryptocurrencies saw a minor lift, but PI stayed in the red and faced fresh downward pressure, according to CryptoPotato.
What’s pushing PI lower
CryptoPotato reports that PI briefly dipped below $0.12 last week, the lowest level since trading began. The token later recovered a portion of the drop and is now trading just below $0.13.
That puts the weekly move at about -12%, on top of a 96% crash versus the all-time high reached in February 2025, per CryptoPotato.
On X, analyst Erick Crypto ₿ flagged that the price appears to be trying to stabilize after the prolonged downtrend, but volume remains low. His take, as quoted by CryptoPotato, is that “confirmation is still needed.”
In other words, the chart may look like it’s pausing. But trading activity has not yet backed it up.
The “rebound” condition: buyers step in
CryptoPotato says Erick Crypto ₿ also pointed to PI’s Relative Strength Index (RSI) nearing oversold levels. The implication from that comment, per CryptoPotato, is that PI’s value dropped too quickly.
He also framed the next move as conditional. If buyers step in, CryptoPotato reports he expects a recovery attempt from depressed levels. Still, he warned that risk management matters until there is a clear trend reversal.
That distinction matters for PI holders. An oversold RSI can line up with rebounds, but without volume confirmation, it can also mark the calm before another leg down.
Ecosystem updates, but no price lift yet
CryptoPotato notes that Pi Network’s team has continued shipping milestones and ecosystem announcements. The most recent item mentioned is the successful transition to protocol v24.
The reported goal of v24 is to strengthen infrastructure that supports node operations and mainnet activity. CryptoPotato also says the team’s roadmap puts the migration to v25 next, with June 18 set as the deadline.
Separately, CryptoPotato reports that CiDi Games, a Pi Network Ventures portfolio company, introduced four new games for Pioneers. Those titles are Coin Whack, Fruit Stack, Gemnova, and RainbowCubes.
CryptoPotato’s key point is that these updates have not triggered a PI rebound so far. The market may not be rewarding progress announcements yet, or the updates may not be showing up in trading behavior.
The dates traders are watching
With price action still weak, the community’s attention appears to be shifting from roadmap deliverables to specific calendar events.
CryptoPotato says many X users are looking ahead to June 28, called Pi2Day, and are speculating about potential announcements, ecosystem updates, or new features. However, CryptoPotato stresses that nothing is confirmed.
So the market will likely treat Pi2Day as a narrative catalyst, not a guaranteed trigger for valuation.
Key facts mentioned by CryptoPotato
| Item | What was reported | Why it matters |
|---|---|---|
| Weekly performance | PI down about 12% | Confirms ongoing weakness despite a minor bounce elsewhere in crypto |
| Recent low | Briefly below $0.12 last week | Shows lack of strong support so far |
| Current level | Trading just south of $0.13 | Reinforces that the rebound is not yet convincing |
| All-time drop | About 96% crash since Feb 2025 ATH | Puts the move in long-term context |
| Volume | Low volume during attempted stabilization | CryptoPotato cites this as needing confirmation |
| RSI | Near oversold levels | Suggests oversold conditions, not a guaranteed reversal |
| Protocol milestone | Successful transition to v24 | Signals ongoing infrastructure progress |
| Next upgrade deadline | v25 migration due June 18 | Another potential catalyst, but not tied to price yet |
| Pioneers games | Four new CiDi Games titles | Ecosystem activity, yet no PI rebound reported |
| Community focus date | June 28 Pi2Day speculation | Potential announcements, but unconfirmed |