Pi Network's Slide Toward $0.08 Leaves Traders on Edge

Pi Network price has edged closer to $0.08 amid bearish daily signals and a breach below the lower Bollinger Band on the 4-hour chart. The OKX PI/USDT pair printed $0.08006 on Oct. 12 as selling pressure built.

The Band Break That Changed the Tone

Volume dried up. That left the move feeling one-sided once price slipped under the band. On the daily chart the trend has stayed lower since late September, with each bounce finding less follow-through from buyers.

Traders who have followed Pi since the mainnet launch know these quiet periods often precede sharper moves. The project still carries a large retail holder base from the mobile-mining days, yet liquidity on exchanges remains thin compared with larger tokens. That thinness amplifies any imbalance in order flow.

Why the $0.08 Level Carries Weight

The number itself sits near a cluster of prior support from the August range. A clean break would open a test of the $0.07 zone last seen during the broader crypto pullback in early September. Conversely, any recovery needs to clear the middle Bollinger Band around $0.085 to shift momentum back.

Broader crypto markets have not helped. Bitcoin’s own consolidation after its September high has kept altcoin betas in check, and Pi has simply followed the path of least resistance lower. No major exchange listings or project updates have arrived in the past two weeks to counter the drift.

What the Charts Are Saying

The 4-hour lower-band touch usually signals oversold conditions, yet in a bearish daily setup those touches often turn into continuation points rather than reversal triggers. Momentum indicators remain negative, with the daily RSI still below 45 and no bullish divergence visible yet.

If price stabilises here, the first clue would be a move back inside the bands on the 4-hour chart followed by a higher low. Absent that, the path stays lower.

Levels to Watch From Here

Immediate support sits at $0.0790–$0.0780. A sustained break of that pocket would likely accelerate the slide toward the next obvious shelf near $0.0720. On the upside, resistance begins at the 20-period 4-hour SMA near $0.0825, then the $0.0850–$0.0860 area where the daily middle band currently prints.

Traders long the pair have had a rough few weeks. Any position held through the band breach now relies on a quick reclaim of $0.0830 to stay viable.

The next catalyst remains unclear. Without fresh project news or a shift in overall risk sentiment, the technical picture keeps the burden of proof on bulls. Watch how price behaves around the current band touch — that reaction will set the tone for the rest of the month.