Pi Network Altcoin Sees Short-Lived Bounce Amidst Ongoing Downtrend

The Pi Network's altcoin has been in a relentless downtrend since April 2025, making successive lower highs and lower lows on longer-term price charts. The token saw a short-term bounce earlier this week that reached a high of $0.104, but it was just a sweep of the liquidity clustered around the $0.10 round-number resistance.

The PI crypto value has slid by nearly 21% in the two weeks since then. The recent launch of a liquidity pool containing SLICE and Test-Pi may provide some support, but the technical indicators are firmly in favor of the sellers.

A 7.1% rally over the past three days is unlikely to result in further PI crypto value drawdown, according to traders. However, unless there is renewed demand for PI, further downside would be likely.