Pi Network Price Tumbles Below $1 Billion Market Cap Amid Rising Interest Rates
After slipping below the $1 billion market cap, Pi Network's [PI] price has declined by 15.42% in recent weeks, sparking concerns about its prospects for recovery. This decline comes as the cryptocurrency market faces increasing risk due to rising interest rates and a potential shift towards tighter liquidity.
The PI token's downtrend began on September 15, when it fell from $0.10 to $0.083. Despite attempts to break through this resistance level, bears have maintained control of the market, leading traders to advise selling on any bounce.
On the higher timeframe chart, the bearish trend since June 2025 is clear, with repeated failed attempts to push past the $0.10 zone. The 4-hour chart also shows a bearish structure flip, further underscoring the dominance of bears in this market.