Pi Network Faces Further Decline; Gemini Warns Another Drop to $0.12–$0.14 Possible

Published: 2026-01-31 04:52:17 |

Pi Network’s PI token plunged to a fresh all-time low of $0.1589 on Jan 29, 2026, down about 94.5% from its $2.99 peak in Feb 2025. Gemini analyzed on-chain and volume data and attributed the crash to a mix of market weakness and loss of investor confidence—noting whales and long-term supporters have stopped defending the price and trading volume has dried up. Gemini warned that with no visible support levels left, PI could drop further to $0.12–$0.14. A short-lived rebound to around $0.18 is possible due to oversold RSI, but Gemini called this likely a “dead cat bounce” that would allow bears to short and push price back down to test $0.14 by week’s end. Traders are advised to wait for consolidation—possible short-term support near $0.16—before considering dip buys. Key metrics: latest ATL $0.1589, ATH $2.99 (Feb 2025), potential downside $0.12–$0.14, possible dead-cat bounce to ~$0.18. Primary keyword: Pi Network; secondary keywords: PI token, all-time low, dead cat bounce, on-chain volume, whales.

Bearish

The news signals heightened downside risk for PI in both the immediate and near term. Key factors: consecutive all-time lows, 94.5% loss from ATH, dried-up volume, and large holders ceasing to defend price. Technicals (oversold RSI) increase the likelihood of short-lived rebounds that attract short-sellers, a pattern seen in other liquidations where assets break ATL and drop an additional 15–20% before finding a temporary bottom. For traders, expect elevated volatility: short-term opportunities for momentum traders to scalp rebounds or short on failed rallies; high risk for buy-the-dip strategies until clear volume-backed support emerges (e.g., sustained bids near $0.16 or higher). Longer-term recovery would require renewed on-chain activity, development progress, or renewed institutional/supporter interest—none of which are indicated in the report. Therefore the immediate market impact is bearish, increasing downside pressure and reducing confidence among holders.