Pi Network Price Forecast: PI Rebounds 2% at $0.0801 as Retail Support Eases

Pi Network (PI) is attempting to stabilize after a sharp seven-session slide, with the token rebounding nearly 2% on Thursday after losing about 7% in the previous session. PI traded near $0.0823, close to the July 31 low of $0.0801 that now represents its most important nearby support. The recovery remains fragile, however, as futures open interest has fallen to $8.94 million from $10.38 million. That decline suggests weaker derivatives participation as traders reduce exposure.

PI demand weakens despite social buzz

The decline in PI futures open interest is a key signal for the short-term outlook. CoinAnk data shows open interest falling by about 14%, or $1.44 million, in one day. Open interest measures the value of outstanding futures positions, so a sharp contraction can indicate that traders are closing positions or that leveraged exposure is being removed during a price decline.

Social attention has remained more resilient. Santiment data puts PI’s social dominance at 0.13%, slightly below 0.14% the previous day. Santiment defines social dominance as an asset’s share of crypto-related discussions, meaning the metric measures attention rather than buying pressure.

• Futures OI: $8.94 million, down from $10.38 million
• Social dominance: 0.13%, versus 0.14% previously
• Thursday price: around $0.0823

Technical levels keep bears in control

PI remains below its 50-day and 200-day exponential moving averages at $0.0902 and $0.1247, respectively. The wider trend therefore remains negative despite Thursday’s rebound. Historical market data also shows PI’s recent decline from above $0.09 toward the $0.08 area.

The first technical hurdle is the 23.6% Fibonacci retracement at $0.0827, calculated from $0.1341 to $0.0704. A sustained break above $0.0827 would improve the immediate setup and put the 50-day EMA at $0.0902 into focus.

Momentum indicators remain cautious. The daily RSI is around 38, showing selling pressure but not a deeply oversold market. Meanwhile, the MACD line remains below its signal line in negative territory, indicating that bearish momentum has not yet been reversed.

$0.0801 is the key PI price level

The July 31 low at $0.0801 is the critical near-term defense. Holding that level could allow PI to consolidate and challenge $0.0827, followed by $0.0902. A decisive break below $0.0801, however, would expose the $0.0704 Fibonacci level and could extend the broader downtrend.

Conclusion

PI’s nearly 2% rebound offers little evidence of a confirmed trend reversal. The token must first defend $0.0801 and reclaim $0.0827, while stronger confirmation would require a move above the $0.0902 50-day EMA. Until those levels are recovered, falling futures participation and negative momentum leave the downside structure intact.