Jakarta, Pintu News – It’s hard not to notice the sharp movement in Pi Network’s price in recent sessions. As of October 16, Pi Coin’s price has slumped to $0.2088, a 2.61% drop in one day and an 11.92% drop in the last seven days. Worryingly, this decline has not simply followed the general market trend-Pi Coin has actually performed worse than the overall market.
Enthusiasm for the DeFi testnet and the launch of the decentralized exchange (DEX) has also started to fade. Traders are now more cautious as technical risks and inflation concerns affect market sentiment.
With increased volatility, market participants are wondering: will the price of Pi Coin continue to plunge deeper, or will it soon turn around?
On October 17, 2025, the price of Pi Network was recorded at $0.2077, a decrease of 0.6% in 24 hours. If converted to the current rupiah ($1 = IDR 16,587), then 1 Pi Network is IDR 3,445.
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Although this weakness is relatively minor, the price trend over the past 24 hours shows considerable volatility, with price movements within the range of $0.2011 to $0.2121.
Pi Network’s market capitalization was recorded at $1.71 billion, placing it at #76 on the list of the largest cryptos by market value. In the last 24 hours, PI’s trading volume reached $37.48 million.
After failing to break through an important resistance level at $0.228-the top of a descending channel pattern-the price of Pi Coin plunged to $0.209. This movement triggered additional worrying technical signals and kept traders on their toes.
On the chart, the 78.6% Fibonacci retracement level at $0.202 is very close to the current price zone, which could be a flat consolidation area before the next big move happens.
Looking deeper, the RSI (14) indicator shows a 28.61-level which is considered oversold, but has yet to show any significant bullish divergence. This means that buyers are yet to show signs of entering the market in large numbers.
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On the other hand, the MACD indicator is still negative with the bearish crossover still holding, as shown by the histogram value of -0.00074. This indicates that market sentiment still tends to be cautious.
For further downside levels, the closest support is at the psychological range of $0.20. If Pi Coin breaks this level decisively and closes below it, then there is a risk of a deeper correction towards $0.18-which was the low in June.
In the absence of strong positive catalysts, traders are advised to watch out for erratic price movements and increased volatility, as the market digests technical signals and concerns over coin supply.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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