Pi Network’s 4-Week Rally Hits Critical Juncture as Price Crashes 20%

Pi Network (PI) has sharply reversed its bullish momentum with a 20.37% single-day drop, wiping out nearly all gains from its four-week rally. The token now faces a crucial technical test that could decide whether it stabilizes or falls further toward $0.30.

Bollinger Band analysis shows Pi has broken below the middle band support, accelerating toward the lower band at $0.3112. Market analysts warn that failure to hold this level could trigger extended liquidations, with the psychologically key $0.30 mark becoming the next downside target.

The sudden decline marks a stark turnaround for May’s top performer, which had posted 14% monthly gains before the sell-off. Trading volumes indicate growing bearish sentiment, though oversold conditions might spark short-term rebounds.