Pi Network Drops to $0.77 as Investors Rotate Positions
Pi Network price dropped 0.95% to $0.0774 on Tuesday, slightly outperforming the broader crypto market, which fell 1.41%. The primary driver appears to be modest beta-driven weakness as investors continue to rotate positions in the cryptocurrency market.
Recall that Pi Network completed the Protocol 28 upgrade on Mainnet, confirmed by Horizon API data on October 17, 2026. The key feature is batch smart-contract upgrades, allowing developers to update linked contracts simultaneously, which reduces development friction and potential errors.
Traders said Pi’s 0.95% decline closely tracks the 1.41% drop in the total crypto market cap over the same period. The market Fear & Greed Index is Neutral at 47, indicating a lack of strong directional conviction across the market.
The move looks more like a modest, sentiment-driven drift in line with the broader market rather than a reaction to project-specific news. A sustained move in Bitcoin, which dominates over 60% of the market, will likely set the tone for Pi.
Trading volume for Pi fell 14% to $3.15 million in the past 24 hours. Its turnover ratio is a low 0.0036, indicating thin market depth.
In illiquid markets, even small sell orders can have an outsized impact on price, potentially exaggerating the modest market-driven move.
The price is testing the lower end of its recent range. Key support sits near $0.075, with the next major level at the 90-day low around $0.065. Resistance is near $0.08.
The near-term bias remains neutral-to-bearish within a defined range, pending a catalyst. A break and daily close above $0.08 would signal a potential reversal, or a loss of $0.075 would confirm continued downward momentum.
Pi’s slight decline reflects broader market softness amid thin trading conditions, with no immediate catalyst to change its trajectory. #Pi Network Drops to $0.77 as Investors Rotate Positions Pi Network Declines Ahead of Protocol 28 Upgrade
