Pi Network Undercurrents: Noteworthy Details Amidst the "Sea of ​​Fire" Surrounding

(Dan Tri) - While the value of Pi is plummeting, a strong vitality is rising from within the Pi Network ecosystem. Is this a signal of a comeback?

President Trump’s recent announcement regarding tariffs on China has swept through the cryptocurrency market, pushing most altcoins into red. In the midst of the chaos, Pi Network (PI) investors were also restless as they saw their assets lose nearly 23% of their value.

However, amid the "sea of ​​fire", a remarkable detail emerged. Pi Coin still steadfastly held above the support level of 0.15 USD - a move showing surprising resilience while many other tokens have hit rock bottom.

Soon after the crash, a quiet but steady recovery brought Pi back to around $0.20. This raised a big question among investors, whether this was just a “rebound” before the next downtrend, or a sign that a real transformation is taking place within this controversial project?

Falling selling volume and positive cash flow show buyers are returning (Image: Tradingview).

"Sharks" collect goods and signals from the chart

From a technical analysis perspective, the picture of Pi coin is showing a mixture of light and dark colors. Data from the daily chart shows that the selling pressure has weakened significantly.

If in the eye of the storm, giant red candles showed the absolute dominance of the "bears" (price reductions), now, the appearance of narrowing yellow candles shows that the sellers are gradually "running out of steam". This signal is important because the last time this pattern appeared in early August, Pi had a 40% surge in just 4 days.

More interestingly, the Chaikin Money Flow (CMF) indicator, a measure of institutional money, tells a different story. Despite the price drop, the indicator remains high, suggesting that the whales or big investors seem to be quietly accumulating Pi. This scenario reveals a divergence, that while retail investors are still hesitant, smart money is betting on the project’s recovery potential.

Additionally, a classic “bullish divergence” of the RSI indicator has formed on the 12-hour chart. This is when the price makes a new lower low but the relative strength index (RSI) makes a higher low, implying that bearish momentum is weakening and a reversal may be imminent.

PI is currently at $0.201. If it can close above $0.205, a bullish scenario towards the resistance zones of $0.238 (up 18%) and even $0.264 (up 31%) is possible.

However, the recovery path would be immediately invalidated if the price breaks below $0.184.

Ironically, while technical analysts were trying to find a silver lining on the charts, the price of the PI token had actually just hit an all-time low of $0.1721 (according to CoinGecko data). The coin has lost more than 94% of its value since its all-time high of nearly $3 in late February, a figure that is enough to discourage even the most staunch supporters.

So, where does the confidence of big money come from? The answer may not lie on the price chart but in the vitality of the Pi Network ecosystem.

In contrast to the gloomy price performance, the Pi Network ecosystem is more vibrant than ever thanks to the boost from the Hackathon competition that lasts until October 15 (Photo: Coinfomania).

The battle between value and price

The story of Pi Network is now a typical example in business of the eternal confrontation between “price” and “value”.

The price of the PI token is at a record low, reflecting the disappointment and loss of confidence in the mass market. But the project's intrinsic value - reflected in tens of millions of users and a rapidly expanding application ecosystem - tells a completely different story.

One factor that could support the recovery momentum is that the token unlock schedule will be gradually reduced in the coming weeks, contributing to cooling down the selling pressure. In parallel, the effort to speed up the KYC (know your customer) process to increase the number of active users on the mainnet is also a strategic move of the development team.

The big question is whether the thousands of new applications being created will be enough to create enough natural demand to pull the Pi price back up, or will it all continue to sink into a spiral of sell-offs and impatience?

During this decisive phase, investors need to closely monitor two key factors: the results and quality of the Hackathon-winning applications, along with the official mainnet opening roadmap.

Only when real use value and a clear development roadmap converge can Pi Network overcome the “controversial coin” stereotype and become a living proof that trust and real value can revive even in the most difficult period of the cryptocurrency market.

Source: https://dantri.com.vn/kinh-doanh/song-ngam-pi-network-chi-tiet-dang-chu-y-giua-luc-bien-lua-bao-vay-20251012230900553.htm