The price of Pi Network has struggled to find its footing, dipping toward $0.35 and leaving traders on edge about what comes next.
After staging a sharp rally earlier in August that briefly carried the token above $0.46, Pi has since faced steady selling pressure. Now, the market is zeroing in on the $0.36 mark, a level that has repeatedly acted as both support and resistance.
With momentum fading, this threshold could determine whether Pi stabilizes or enters a deeper correction. Market participants are carefully tracking technical signals as well as broader sentiment across the crypto landscape to gauge the next move.
Technical Picture Shows Weakness
On the hourly chart, Pi Network is trading just under $0.35, with indicators signaling caution. The Relative Strength Index (RSI) sits at 34, near oversold territory, suggesting that buyers may step in soon — but the lack of strong follow-through raises doubts about sustainability.
Meanwhile, the MACD indicator continues to print bearish signals, with its lines trending downward and showing no clear signs of a reversal. Taken together, the indicators highlight a market still struggling to regain upside momentum.
Why $0.36 Matters
The $0.36 zone has become a crucial pivot point for Pi Network. Earlier this month, it acted as resistance before turning into temporary support, and traders are now treating it as a line in the sand. A failure to climb back above this level could reinforce bearish momentum, while a clean breakout might signal that buyers are ready to re-enter the market.
If bulls manage to push Pi back above $0.36, the token could retest $0.40 in the short term. Conversely, rejection at this threshold could send prices tumbling back toward $0.32, with the psychological $0.30 mark looming as the next key support.
Market Context
Pi’s decline mirrors a cooling trend across altcoins. Bitcoin remains in consolidation near record highs, but smaller tokens have shown signs of exhaustion. For Pi Network, which continues to face questions over real-world adoption and utility, the absence of fresh catalysts leaves it vulnerable to sharp swings.
Scenarios for September
- Bullish Case:
If Pi Network manages to reclaim $0.36 and hold above it, traders may regain confidence. This could trigger a short-term rally toward $0.40, with an extension to $0.42 possible if momentum builds. A broader recovery in altcoins would likely strengthen this outlook. - Bearish Case:
Failure to climb above $0.36 could see Pi drift lower, with $0.32 acting as the first major downside target. A break below that would likely drag prices toward $0.30 — a level where panic selling could accelerate. Weak volume and negative sentiment in the broader market could add weight to this scenario. - Neutral/Base Case:
Pi may continue to hover between $0.33 and $0.36, consolidating as traders wait for a clear signal. This sideways pattern would reflect uncertainty but also give the market time to reset. In this case, neither bulls nor bears would have a decisive advantage until a breakout occurs.
What Investors Should Watch
With August winding down, all eyes are on the $0.36 level. For short-term traders, it is the battleground that could decide Pi’s direction heading into September. Long-term investors, meanwhile, will be looking beyond technicals, waiting for signs of stronger adoption or ecosystem growth to justify renewed bullish sentiment.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/pi-network-price-crash-why-investors-are-watching-the-0-36-level-closely/