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Sellers have tightened their grip on Pi Network, the so-called “mining on your phone” cryptocurrency, pushing its price closer to an all-time low. As of recent data, Pi is trading near $0.34, having fallen from a high of over $1.20 in May 2025 to a low of $0.33 in August. Analysts and market indicators suggest that the coin is now at a critical juncture, with growing pessimism among investors and continued selling pressure keeping it from recovering its former levels [5].

The current price action for Pi is heavily influenced by broader market trends, particularly Bitcoin. Pi Coin’s correlation with BTC is at an unusually high level of 0.92, meaning it is likely to mirror Bitcoin’s movements [5]. With Bitcoin struggling to hold above $115,000, Pi faces a similar risk of further declines. Technical indicators such as the Chaikin Money Flow have dropped to their lowest in six weeks, reflecting strong outflows from the token and a lack of fresh inflows. This situation signals weakening investor confidence and increases the likelihood of Pi Coin reaching new multi-month lows [5].

Despite these challenges, Pi Network has made notable progress behind the scenes, including a Linux node release and a protocol upgrade that brings it closer to adopting Stellar’s technology [1]. These developments, along with the project’s focus on KYC and compliance, suggest a long-term strategic approach rather than a short-term pump-and-dump scheme. Dr. Altcoin, a vocal supporter of the project, points to its 65 million users across 200+ countries as a significant advantage that most cryptocurrencies cannot match [1].

Recent market analysis also highlights a potential catalyst for Pi: the listing of a Pi ETP by Valour, which could expose the token to traditional investors through regulated stock markets. This move might help Pi break out of its niche user base and gain wider recognition [1]. However, for Pi to reach $10, it would need a price increase of over 2,800 percent from its current level, and reaching $100 would require a near-unthinkable 29,000 percent gain [1]. Prediction platforms such as CoinCodex do not foresee such a scenario in the near future, estimating that Pi will likely remain under $10 even by 2050 [1].

In September, some analysts remain cautiously optimistic. Technical analysis of Pi’s price chart shows the formation of a double-bottom pattern at $0.3160, which could signal a potential rebound. The coin’s proximity to this support level suggests that short sellers may be hesitant to push the price lower [2]. Additionally, the narrowing spread between the Bollinger Bands indicates a period of low volatility that could precede a significant price movement. If Pi were to break out of this consolidation phase and hit the neckline at $0.4670, it could potentially test the psychological $1 level [2].

Other factors that could influence Pi’s performance include institutional interest and broader market conditions. Valour’s Pi ETP listing and the coin’s recent availability on platforms like Onramp Money and Banxa are steps toward increased institutional adoption [2]. Moreover, the potential for major exchanges such as Binance and Upbit to list Pi could provide a significant boost to its price. With the Federal Reserve expected to cut interest rates and the possibility of altcoin ETF approvals by the SEC in October, the market is anticipating a more favorable environment for cryptocurrencies [2].

Despite the bearish outlook for the short term, Pi Network continues to lay the groundwork for a long-term strategy. Its user base, technical developments, and regulatory compliance efforts position it for potential growth over time. Whether the project can achieve meaningful price appreciation will depend on how much trust and utility it can generate outside its existing community [1]. For now, investors are advised to closely monitor key price levels and developments in both the Pi ecosystem and the broader crypto market.

Source: [1] Can Pi Network Price Hit $100? (https://coinpedia.org/news/can-pi-network-price-hit-100-2/) [2] Here's why Pi coin price may go parabolic in September (https://crypto.news/heres-why-pi-coin-price-may-go-parabolic-in-september/) [5] What To Expect From Pi Coin In September 2025 (https://coinstats.app/news/68ea7fe460c07d38968a95db09fc587f0d5a5e894dc47fb4c44d87770cd61db4_What-To-Expect-From-Pi-Coin-In-September-2025)