Pi Network’s PI Token Hits 7-Day Low as Crypto Market Bleeds $170B

Pi Network’s native token PI has dropped to a seven-day low, extending its double-digit decline amid widespread crypto market weakness. The sell-off reflects a broader downturn, with global cryptocurrency market capitalization losing $170 billion over the past week.

Technical indicators show concerning signals for PI. The BBTrend metric remains deep in negative territory at -4.52, with consecutive red histogram bars indicating accelerating downward momentum. The token’s persistent position NEAR lower Bollinger Band boundaries suggests continued selling pressure may persist.

Institutional interest appears to be fading, as shown by declining Smart Money Index readings. This withdrawal of sophisticated investors often precedes deeper corrections, adding to PI’s technical challenges during a risk-off environment across digital assets.