If you've been watching PI Coin lately, you've probably felt that sinking feeling in your gut. Trading around $0.24 on October 8, 2025, PI has dropped a brutal 7.65% in just 24 hours. From touching $0.27 to scraping $0.24, this Pi Network token is bleedingâand traders are wondering: is this the final curtain call, or the perfect setup for an epic comeback?
â The Chart Doesn't Lie: We're in Trouble
Let's be realâthe technical picture looks rough. PI has been carving lower lows like clockwork, tumbling from $0.35 weeks ago to today's $0.24. The chart's littered with sell signals, and those brief bounces? They're looking more like bull traps than salvation.
â Moving Averages tell the story:
⤠MA(5): $0.26
⤠MA(10): $0.26
⤠MA(20): $0.28
All are pointing down and acting as brick walls overhead.
â Other key indicators:
⤠PI's hugging the lower Bollinger Bands, screaming volatility.
⤠MACD: Deep in bearish territory.
⤠RSI: Sitting oversold around 28â30, which historically sparks reversalsâbut hereâs the kickerâsocial buzz has tanked, and sellers are still in control.
â Weâre staring at a descending triangle on the 3-hour chart, a classic pattern that usually breaks down.
â Critical battleground:
⤠Support at $0.25 â if it cracks, PI could plummet to $0.18 or lower.
⤠If buyers reclaim $0.27, we might catch a 17% relief rally toward $0.29.
â Whatâs driving this carnage?
⤠Pi Networkâs painfully slow mainnet rollout
⤠Massive token unlocks (119M+ this month)
⤠Underwhelming ecosystem growth
⤠Exchange withdrawals reopening, triggering more dumps instead of stability
Down 70% year-over-year and 22.8% this month â ouch.
â Crystal Ball Time: Whereâs PI Headed?
Predictions are all over the map.
1ď¸âŁ The Bearsâ View:
â 50% of analysts are calling for a complete wipeout to $0 by 2026 if the network doesnât deliver real utility, fast.
â Supply overhang, fading hype, and fierce competition could push PI below $0.10 in a nightmare scenario.
2ď¸âŁ The Bullsâ View:
â Some see this as âcompression before explosion.â
â That oversold RSI? Classic rebound signal.
â If Octoberâs seasonal crypto magic kicks in and $0.25 holds, we could rocket to $0.36 short-term, maybe even $0.47 by monthâs end.
3ď¸âŁ Long-Term Optimists:
â PIâs 100M+ user base, upcoming dApps, smart contracts, and potential DEX launches keep hope alive.
â If the team executes on transparency, utility, and adoption, forecasts eye $1 in three months or even $3â$5 by mid-2026.
â With shifting crypto regulations, AI-driven models suggest renewed altcoin optimism could lift PI too.
â The Verdict: Fight or Flight?
PI Coinâs bleeding hardâno sugarcoating that. The network must deliver utility and liquidity, or this downtrend becomes a death spiral.
But rememberâcrypto thrives on plot twists. Oversold conditions and seasonal vibes could still spark a monster reversal if support holds.
â So whatâs your play?
⤠Are you diamond-handing through the storm, or cutting losses?
⤠Is PI destined for zero, or loading up for a legendary bounce?
â Drop your hottest takes below and share this with your crypto squadâbecause in this market, todayâs bloodbath could be tomorrowâs moonshot!
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