Pi Token Crashes Again: Will a Dead Cat Bounce Save It?

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The week was a howling wind across the broad market, a dry compass that pointed nowhere and everywhere at once. Pi Network’s stubborn little token, that stubborn hitch in the ledger, found a way to dig yet another hole, as if the ground itself were tired of bearing its weight.

In a span of about 72 hours, the asset slid through a string of fresh all-time lows. The latest sting came on January 29 at $0.1589 (CoinGecko data), a number that shows PI has shed 94.5% of its value since late February 2025, when it sat high and hopeful at $2.99.

With the landscape looking like a parched town after a long drought, we sought the counsel of Gemini, that weathered oracle of the markets, to read the week ahead and see if there’s any glimmer left for PI token holders.

What’s Ahead for PI?

Before the future could clear its throat, the AI solution offered its own take on the crash. It spoke of a stew of causes, not all spawned by the market’s weakness. Some whales and long-time supporters have wandered away after years of promises that never quite matured into fruit.

“On-chain data and volume metrics suggest that the few “whales” (large holders of the IOU pairs) have stopped defending the price. Volume has dried up, leaving only retail panic-sellers.”

As for what lies ahead, Gemini warned that another slide to $0.12-$0.14 isn’t out of the question. PI has discarded its support rails and wandered into a landscape with no firm fences to lean against.

The Actual Warning

Gemini wasn’t spinning a bright future for PI in the near term, at least not for the next week or so. After such a deep correction, the token might momentarily drift up to around $0.18-a “dead cat bounce,” as the chart wranglers like to call it, thanks to oversold RSI conditions.

A rise to that level would tempt the bears to press their advantage, to push the asset down hard again, rolling PI toward test $0.14 by week’s end.

“When an asset breaks an ATL, it typically drops another 15-20% before finding a temporary bottom. There is zero volume support below $0.16.”

Consequently, Gemini urged investors contemplating a dip-buy to park their expectations for a few days, let the dust settle, and perhaps wait for support at $0.16 before putting money on the table.

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2026-01-31 07:53