Pi Network price fell beneath the psychological $0.10 mark for the first time on July 9, extending its month-long slide to more than 25% as growing token supply and persistent selling overwhelmed demand.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to data from crypto.news, Pi Network (PI<\/a>) traded near $0.098 during the session, leaving the token down more than 25% over the past month and extending a prolonged downtrend that has erased most of its post-mainnet gains.<\/p>\n The latest decline comes as Pi Network continues to face heavy supply-side pressure from scheduled mainnet migrations and token unlocks. Millions of newly unlocked PI tokens have entered circulation in recent weeks, increasing the amount of tradable supply at a time when buying demand has remained subdued.<\/p>\n The imbalance has created a persistent supply overhang, allowing sellers to dominate trading and pushing the token to successive record lows.<\/p>\n The bearish mood has also spread to derivatives markets. Recent market data showed Pi\u2019s open interest falling from above $10.88 million to around $9.75 million as leveraged long positions were flushed out during the selloff.<\/p>\n At the same time, funding rates dropped to roughly -2.15%, signaling that short sellers are paying a premium to maintain bearish bets, a sign that market participants continue to expect further downside.<\/p>\n <\/p>\n Beyond project-specific pressures, the broader macro backdrop has also turned unfavorable for speculative cryptocurrencies. Rising geopolitical tensions in the Middle East triggered a broader risk-off move across financial markets, dragging Bitcoin below $62,000<\/a> and prompting investors to reduce exposure to smaller altcoins.<\/p>\n Pi Network has been particularly vulnerable because its enclosed mainnet structure limits liquidity, making price swings more severe when capital leaves the market.<\/p>\n Investor attention has also shifted toward artificial intelligence-related investments and blockchain ecosystems with stronger utility. Although the Pi Core Team recently introduced backend storage improvements for App Studio, the update failed to generate meaningful buying interest.<\/p>\n The continued wait for an Open Mainnet launch<\/a>, combined with the absence of major tier-one exchange listings, has weakened confidence and left ongoing token emissions without sufficient demand to absorb them.<\/p>\n The daily chart shows Pi Network trading inside a well-defined descending channel that has guided price action lower since early May. The latest breakdown below the psychological $0.10 level confirms that sellers remain firmly in control, while the token continues to print lower highs and lower lows without any sign of trend reversal.<\/p>\n Momentum indicators also reinforce the bearish structure. The Chaikin Money Flow has slipped to around -0.12, indicating sustained capital outflows, while the MACD remains below the zero line with a bearish crossover and expanding negative histogram bars. Together, these signals suggest that downside momentum is still strengthening rather than fading.<\/p>\n As long as PI remains below the upper boundary of the descending channel, bears are likely to retain control. A decisive recovery above $0.10 would be the first sign of stabilization, but failure to reclaim that level could expose the next major downside area around the channel support near $0.08, extending the token\u2019s record-setting decline.<\/p>\n\n
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Why is the Pi Network price falling?<\/h2>\n
What do the charts say about Pi\u2019s outlook?<\/h2>\n
![\"Pi](\"https:\/\/media.crypto.news\/2026\/07\/PIUSDT_2026-07-09_16-49-37.webp\")