{"id":22585,"date":"2026-02-23T13:05:20","date_gmt":"2026-02-23T13:05:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-the-pi-network-coin-price-is-crashing-today\/"},"modified":"2026-02-23T13:05:37","modified_gmt":"2026-02-23T13:05:37","slug":"heres-why-the-pi-network-coin-price-is-crashing-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-the-pi-network-coin-price-is-crashing-today\/","title":{"rendered":"Here\u2019s why the Pi Network Coin price is crashing today"},"content":{"rendered":"
\n

Pi Network Coin price has suffered a harsh reversal in the past few days, moving from last week\u2019s high of $0.2050 to the current $0.1580. It has slipped to its lowest level since February 14.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Pi Network Coin price has retreated by 23% from its highest point this month.<\/li>\n
  • The decline happened as investors booked profits amid the ongoing crypto crash.<\/li>\n
  • It also happened as the first anniversary failed to address key issues.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Pi Coin (PI) token has dropped by over 23% from its highest point this month and 90% from its all-time high. This retreat has pushed its market cap from over $19 billion to $1.4 billion.\u00a0<\/p>\n

    Pi Coin price has dropped amid profit-taking<\/h2>\n

    Pi Network has slumped because of the broader crypto market crash that has affected Bitcoin (BTC) and other altcoins. Bitcoin dropped below $65,000, while top altcoins like LayerZero, Hyperliquid, Mantle, and Lighter fell by nearly 10% in the last 24 hours.<\/p>\n

    The retreat is also happening as investors book profits after the recent surge. Pi Network was up by 60% between its lowest and highest levels this month as traders waited for the first anniversary of the mainnet launch. It also jumped amid optimism that Kraken will list it soon.<\/p>\n

    <\/p>\n

    The other potential reason for the sell-off is that the team\u2019s address on the future did not address key issues. This address focused on priorities like boosting it utility growth and the upcoming KYC-as-a-Service, which will see it compete with World and Humanity Protocol.<\/p>\n

    However, the video did not address pressing issues that have led to a crash. For example, it did not talk on tokenomics, including the ongoing token unlocks and the fact that it does not have a deflation mechanism like token burns.<\/p>\n

    The developers also did not talk about ways to make it a decentralized network where the community votes on key issues. Today, all decisions are made by the team, while the obscure Pi Foundation holds billions of tokens.\u00a0<\/p>\n

    Additionally, they did not address the future plans on exchange listings as Pi is only available in a handful of exchanges.<\/p>\n

    Pi Network Coin price technical analysis<\/h2>\n
    Pi Coin price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the Pi Coin price has slipped in the past few days. After peaking at $0.2050 last week, it has dropped to $0.1600.<\/p>\n

    The coin has remained below the 50-day moving average and the Supertrend indicator. It has also slumped below the Ichimoku cloud indicator.\u00a0<\/p>\n

    The most likely Pi Network price forecast is bearish, with the next key target being the year-to-date low of $0.1290. A move to that level may be bullish as it will be a double-bottom pattern whose neckline is at $0.2050. On the other hand, dropping below that level will invalidate the bullish outlook and point to more downside to $0.100.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Pi Network Coin price has suffered a harsh reversal in the past few days, moving from last week\u2019s high of $0.2050 to the current $0.1580. It has slipped to its…<\/p>\n","protected":false},"author":1,"featured_media":12175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22585"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22585\/revisions"}],"predecessor-version":[{"id":22586,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22585\/revisions\/22586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12175"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}