Pi Network (PI) drops below $0.09 as recovery fails and new lows loom

Pi Network’s native token, PI, has fallen below $0.09 after its rebound from recent all-time lows started to unravel. Although the broader crypto market was slightly red over the past 24 hours, PI underperformed sharply. After breaking under the $0.10 support earlier in July, PI repeatedly printed consecutive all-time lows. It later rebounded from about $0.07, briefly becoming a top mover and surging roughly 20% as it tried to challenge $0.10 again from below. However, bears held the resistance, and PI lost momentum, remaining mostly above $0.09 for part of the following days. In the latest 24 hours, the Pi Network price action worsened again: PI slid more than 10% to around $0.082, continuing a long-running cycle of stabilization for months, sharp selloffs to new record lows, quick double-digit bounces, and then renewed rejection with a lower low. The article notes this pattern has persisted for over a year and has driven frequent new ATLs. Fundamentals cited as not meaningfully improving include ongoing Core Team updates, protocol upgrades, and product redesigns, while investor confidence appears to be weak; token unlocks are also described as offering limited support. Traders are likely watching two technical levels: $0.10 as the key hurdle for a more durable recovery, and $0.07 as the next major floor. If PI breaks below $0.07, the article warns of “price discovery” with no historical support beneath, and even a risk of falling out of the top 100 altcoins by market cap. Key takeaway for Pi Network traders: PI’s recovery attempt is failing, and downside risk is rising while $0.10 remains unclaimed.