Pi Coin has slumped to $0.334, marking another steep decline as trading conditions tighten.
The latest drop follows OKX’s decision to remove PI/USDT margin trading pairs, a move that has rattled investor confidence and sparked heavy selling.
OKX Cuts Margin Support
On August 21, OKX announced that new borrowing for PI/USDT margin pairs would be halted immediately, with full delisting scheduled for August 27–28. The change means traders will no longer be able to use leverage on PI, effectively reducing liquidity and signaling waning institutional trust in the project’s short-term prospects.
Panic Selling Drives Volume Higher
The exchange update triggered a wave of forced exits as traders closed positions ahead of the margin shutdown. Pi’s 24-hour trading volume surged by over 32% to $52.6 million, reflecting panic-driven transactions. While volume spikes sometimes suggest strong demand, in this case it appears tied to selling pressure rather than new accumulation.
Technical Outlook Weakens
On the charts, Pi has been locked in a downtrend since early August, struggling to hold support above $0.35. The RSI currently hovers near 33, not yet at extreme oversold levels, which leaves room for more downside before buyers return. Meanwhile, the MACD indicator continues to show bearish momentum, with little sign of reversal.
If the decline accelerates, analysts see $0.30 as the next key support level. A break below could drag Pi toward $0.25, erasing much of its summer recovery gains. On the upside, a bounce above $0.36 would be needed to stabilize sentiment and open the door for recovery attempts.
Price Speculation: What’s Ahead for Pi?
The removal of leverage access often has a chilling effect on trading activity, as fewer speculative buyers can enter the market. For Pi, that could mean extended weakness unless new catalysts emerge. Some traders believe the coin may consolidate in the $0.28–$0.35 range through September before any potential rebound.
Longer term, Pi’s ability to recover will depend on whether its ecosystem development accelerates and exchanges restore more robust trading options. Without these drivers, Pi risks stagnating at lower levels.
Conclusion
At the time of writing, Pi trades at $0.334, down 4.5% over the past 24 hours and nearly 8% on the week. The combination of reduced liquidity, exchange delisting, and rising sell pressure suggests that volatility will remain high into early September, with investors closely watching whether Pi can defend $0.30 support.
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Source: https://coindoo.com/market/pi-network-news-price-crash-panic-selling-and-a-major-delisting/