Pi Coin had another wild day. It shot up over 11% at one point, then flipped and gave most of it back. Now it is at $0.0755, down about 8.5% in the last day. That’s worse than the rest of the crypto market, which only dipped a little.
The problem is, buyers just can’t get any traction. Momentum is weak, there’s not much trading volume, and nothing new is happening that could give this thing a real boost.
Things got worse when the Pi Coin price dropped below some key moving averages on different timeframes. That flipped the overall trend firmly downward.
People are still nervous, and there’s a lot of talk about supply issues with this project. So now traders are starting to wonder, every time Pi bounces up a bit, is that just a chance for sellers to jump back in and push it down again?
What you'll learn 👉
How Did Pi Coin Price Behave in Q1 and Q2?
Pi Coin had a rough first half of 2026. It started the year above $0.20, but never really got going. Price kept making lower highs and lower lows, and people started losing faith.
March gave a little hope, the Pi Coin price shot up close to $0.30, its best run all year. But that didn’t last. Buyers couldn’t hold onto those gains. Sellers jumped back in and wiped out the whole move in just a few days, pushing Pi back under $0.20 by the end of the month.
Things didn’t get any better from there. Every time Pi tried to bounce, it hit a wall and fell back down. By July, it was down to around $0.076, the lowest point of the year.
If you zoom out and look at the big picture, sellers have been in charge for six months straight. There’s just no sign of a real turnaround yet.
Why Analysts Believe Every Pi Coin Rally Could Be Sold
That technical backdrop explains why market analyst Travladd believes any near-term recovery should be treated cautiously. In his view, Pi continues to suffer from excessive supply, making it difficult for buyers to maintain momentum once prices recover.
The short-term chart supports that view. The Pi Coin price is attempting to recover toward a Fair Value Gap (FVG) created during the latest selloff.
Traders often view these gaps as areas where price may revisit before the dominant trend resumes. Beyond that zone, two resistance levels and a bearish order block remain overhead, creating multiple barriers that buyers must overcome.
Momentum indicators also remain weak. Although the MACD histogram has started to improve after several sessions of negative momentum, the indicator has yet to produce a convincing bullish confirmation. Unless Pi clears the resistance zone above the FVG, another rejection would keep the broader bearish trend intact.
Why Pi Coin Is Still Struggling to Find Buyers
The biggest challenge for the Pi Coin price remains supply. Community members continue pointing to the project’s tokenomics, noting that only about 4.7 billion PI, or roughly 4.7% of the maximum 100 billion supply, is circulating. That leaves a large amount of future supply still expected to enter the market.
Don't invest your hard-earned money in Pi Network. Every time you invest, Pi CT crooks pump their tokens by millions and steal your money. Be wise!
— CryptoXD (@CryptoXDElon) July 16, 2026
Pi has only 4.7 billion tokens in circulation out of 100 billion. That means just 4.7% of the total supply. Don’t pay attention to… pic.twitter.com/31mywMuVi6
Additional token unlocks are adding to those concerns. More than 127 million Pi coins are set to unlock soon. And that’s on top of the 1.2 billion or so that were already supposed to hit the market this year.
Meanwhile, Pi has cratered from its all-time high of $2.99 back in February 2025 to around eight cents now. That’s a drop of over 97%. Its total market value has fallen below a billion dollars.
🚨 Pi Network Just Hit a New All-Time Low $0.08
— Airdrop Insider🚀 (@Airdropinsider_) July 15, 2026
The math nobody farmed for 👇
📉 Timeline of the Fall
+ 6 years of mobile mining before mainnet even launched
+ ATH: $2.99 (Feb 2025)
+ Now: ~$0.084 | down Approx 90% from ATH
+ Market Cap: Below $1B for the first time ever
⚠️… pic.twitter.com/gKRtz7MrO1
On top of that, the project keeps getting heat from critics. People are frustrated with how slow things are moving, the KYC process is still a bottleneck, major exchanges haven’t listed Pi, and the ecosystem isn’t growing the way many hoped. Some in the community are saying all of that is scaring off bigger investors.
Until there’s real demand and clear signs of progress, most traders aren’t touching Pi, even at these cheap prices.
Why is @PiCoreTeam stalling?
— aLpHa🎯 (@Omer_Versheer) July 15, 2026
The truth behind the 8-year wait:
💰 Ad Revenue: High daily engagement keeps ad cash flowing, killing the urgency to launch.
🔒 KYC Limbo: Millions are locked in "tentative" status to artificially prevent a mass price crash.
🛑 Centralization:… pic.twitter.com/paD6sdfLas
Related Pi Coin News: Pi Network Upgrade Raises Questions About the Pi Coin Price Outlook
Pi Coin Price Prediction: Can Bulls Avoid Another Selloff?
Pi Coin could still turn things around, but buyers have to show they can climb back above that gap and break through the resistance that’s stopped every bounce so far. If they can pull that off, it would hurt the bearish setup and give people a little more confidence.
But if they can’t get past those levels, sellers will probably take over again and drive the Pi Coin price back down toward its lowest point of the year.
For now, it all comes down to one thing: can new demand keep up with all the new coins hitting the market? That’s what’s going to decide where Pi heads next.
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