Pi Network Price Freefall: Is the $0.32 Support Level at Risk?

Pi Network’s price has entered a sharp downtrend, raising concerns among traders and investors. 

As of August 19, 2025, the token is trading around $0.36, down more than 5% in the past 24 hours. Increased selling pressure briefly pushed it to $0.355 before a minor rebound.

The spike in trading volume—up over 120%— signals heavy market activity, likely fueled by speculation and rumors about Pi’s “Migration 2.0” update, which could unlock referral bonuses and KYC-verified tokens. 

Despite this turbulence, community sentiment remains relatively strong, with nearly 88% of users still bullish on Pi Network’s long-term prospects.

Pi Network Price Analysis: Current Market Trends

The Pi Network price is facing a crucial test at the $0.35–$0.38 support range. Holding this level could lead to consolidation or even a short-term recovery if buyers step in.

Key factors influencing current price action include:

• Rumors of “Migration 2.0” and potential token unlocks
• A significant surge in trading activity
• Increasing speculation from retail traders
• General weakness across altcoin markets

If the price fails to sustain above support, downside risks could intensify.

Why the $0.32 Support Level Matters

The $0.32 support level has become a psychological and technical line in the sand for Pi Network. Breaking below it could open the door to new historical lows.

• If support holds → potential bounce and short-term recovery.
• If support fails → further declines toward $0.30 or lower.
• Traders see this as a make-or-break zone in the current market cycle.

This level is being closely monitored by both bulls and bears as the deciding point for Pi’s next move.

Read more: Pi Coin Price Prediction August 2025 – AI Analysis, Market Trends & Forecast

Factors That Could Drive Pi Network Recovery

While pressure remains on the downside, certain catalysts could support a rebound:

• Positive news from Pi’s Migration 2.0 rollout
• Broader recovery in altcoin markets
• Renewed community-driven buying momentum
• Increased utility or listings on exchanges

These elements could help Pi reclaim higher price levels if sentiment shifts in its favor.

Risks of Further Pi Network Price Decline

Investors should also be aware of the risks that could drag Pi lower:

• Failure to hold the $0.32 support level
• Unlocking of new supply from migration updates
• Continued speculative trading and short-term sell-offs
• Broader bearish sentiment in the crypto market

With volatility spiking, cautious risk management is essential.

Read Also: Pi Network Launches Direct USD Purchase in U.S. via Apple Pay and Lock-Up Incentives

Final Thoughts

The $0.32 support level for Pi Network is at risk but has not yet been breached. Traders should closely watch this zone, as it could determine whether Pi stabilizes or enters a deeper correction.

While bullish sentiment within the community remains high, the coming weeks will be critical. A successful defense of support could fuel recovery, but failure may extend the freefall.

Read more: Pi Network Roadmap in Detail and Solutions Offered

FAQs

What is Pi Network’s current price?

As of August 19, 2025, Pi Network trades around $0.36, down about 5% daily.

Why is Pi Network’s price dropping?

Increased selling pressure, speculative trading, and migration-related rumors are driving volatility.

What is the key support level for Pi Network?

The most critical support is between $0.35–$0.38, with $0.32 as the next major level to watch.

Could Pi Network rebound soon?

Yes, if the $0.32 support holds and positive news from Migration 2.0 boosts sentiment, a short-term recovery is possible.

What happens if Pi falls below $0.32?

A breakdown below $0.32 could trigger further declines toward $0.30 or new historical lows.