Share the article:
Article content
Estimated reading time: 4 minutes
TLDR
Pi network coin has fallen by 18,31% in the last 24 hours, significantly underperforming the broader crypto market (-3,64%).
Main causes
- Rapid implementation of Fast Track KYC – Accelerated access to wallets without the ability to migrate increased selling pressure.
- Technical breakthrough – The price broke key support levels within a bearish trend.
- General risk aversion in the market – Altcoins faced an outflow of liquidity while Bitcoin’s dominance grew.
More detailed analysis
1. Rapid KYC implementation (Negative impact)
Overview:
Pi Network recently (September 19) announced Fast Track KYC, which allows users to verify their identity and activate their wallet faster, but does not allow migration to Mainnet.
This led to a temporary increase in supply as verified holders gained access to wallets but were unable to fully utilize their tokens in the wider ecosystem.
What does this mean:
- Increased circulating liquidity without corresponding demand.
- Community concerns about migration delays have resurfaced, sparking sell-offs.
2. Technical Breakthrough (Negative Impact)
Overview:
PI broke its 7-day moving average (SMA) at $0,3578 and 30-day SMA at $0,353, with the RSI (46,22) showing no signs of overbought or oversold.
The decline accelerated after breaking the 23,6% Fibonacci retracement at $0,382.
What does this mean:
- Algorithmic traders have likely increased the downward pressure below $0,33.
- The next support level is at the 38,2% Fibonacci level ($0,372), but weak volume suggests continued vulnerability.
Important indicator: Daily closes above $0,31 (September 21st low) to confirm stabilization
3. Liquidity outflow from altcoins (Mixed impact)
Overview:
Bitcoin dominance rose to 57,77% (+0,7% in 24 hours) as traders shifted capital from riskier assets. PI trading volume increased by 590%, which was related to the turbulence in the derivatives market - open interest in perpetual contracts increased by 23,68%, despite the price decline.
What does this mean:
- High leverage could have triggered chain liquidations of positions.
- PI's low liquidity (turnover ratio of 0,057) increases volatility.
Conclusion
PI’s decline is the result of a combination of project-specific uncertainties (delays in token adoption), technical factors, and general risk aversion in the market. While the KYC update aims to boost long-term adoption, short-term traders are already factoring in the risks associated with the migration timelines.
Key question:
Can PI hold the $0,28-0,29 zone (annual VWAP anchor for 2025) and prevent another 15-20% decline?
Related articles …
PiNetwork
Pi Network Announcement
PiNetwork is a blockchain-based cryptocurrency project that aims to allow users to mine coins Pi using smartphones. The project aims to promote the adoption of cryptocurrencies.
The project was launched by doctoral students at Stanford University in 2019. PiNetwork offers users a simple and environmentally friendly way of mining Pi coins by simply opening the app and pressing a button once a day.
One of the features of the Pi network is that users can increase mining speed by expanding their network. Pi Network also aims to increase the value Pi coins by allowing users to create and use web applications on the platform Pi.
PiNetwork is currently launching its mainnet. To to Pi Network To join, you must download the mobile app and enter an invitation code. PiNetwork is an innovative project that aims to pave the way for the future of cryptocurrencies.
How to participate in Pi Network
If you are not a member of the Pi Network, you can get started in 5 minutes by clicking here link. By registering using my referral code jwkkbiz we can earn Pi both. Pi Network is an application that allows you to easily mine the cryptocurrency "Pi" on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using a referral code jwkkbiz, you will get a 25% increase in mining speed.
After 30 minings you will pass KYC (Know Your Credit), so remember to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.
For more detailed information and reasons for registration, please see here.
You might also like:
- Free shares worth up to €100 on Trading 212
- Pi Network and “$314,159 Value”: The Biggest Hoax in the Project’s History
- Where to watch, listen and read PiBazar.eu externally
- What is Pi Lab?
- Pi Network Lowers Mining Rate and Faces Major Sell-Off – September 2025 Analysis – Rarity vs. Growth
- Pi App Studio Update: Code Download/Upload Features and User Experience Improvements
- How to update the Pi Node desktop app to version 0.5.4 and learn about the new App Studio feature
- New Podcasts Added – Nonconformist Coins
Leave a reply