The post Why is Pi Coin Price Down Today? appeared first on Coinpedia Fintech News
Pi coin has faced the brunt of the massive token unlocks, which led to the PI price hitting an all-time low of $0.341, just a couple of hours ago. Over 19 million PI were released into circulation on August 1, accelerating the downward spiral. It is worth noting that previous unlocks like the 8 million token event in May 2025 caused similar 30% drawdowns.
With the price down 13.75% in the last 24 hours and over 20% in a week, investors are worried about a further downside. The sell-off cascade led to the volume spiking by 82.79% to $157.65 million. If you hold some Pi or are planning on stacking some at the dip, this Pi price analysis is a must-read for you.
Pi Network Price Analysis:
Technically speaking, Pi price has breached key support zones. The breakdown below the Fibonacci 78.6% retracement at $0.389 opened the doors to $0.35, now hovering at $0.3491. Talking about indicators, the RSI
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