Pi Coin Price Plunges 96% but the Mainnet Launch Could Shift Sentiment
Key Insights
- Pi coin price crashed 96% from a $3 peak to a $0.1256 all-time low on Feb. 11.
- Chaikin Money Flow shows accumulation happening despite the brutal crash since December.
- Feb. 15 Mainnet deadline could spark a 17% rally to the $0.1608 resistance level.
Pi Network coin price crashed 96% from its peak near $3.00 to an all-time low of $0.1256. Token unlocks crushed the market for months. But Chaikin Money Flow shows large money flowing in while prices fell.
Now the Feb. 15 Mainnet upgrade deadline approaches, forcing all node operators to upgrade or disconnect.
Pi Coin Price Crashes 96% From $3 Peak
Pi coin price peaked near $3.00 in 2025. The Pi Network token launched with massive hype around its mobile mining concept.
Over 16 million Pioneers migrated to Mainnet. The community celebrated the transition from testnet to real blockchain. Then reality hit hard.
Token unlocks started releasing hundreds of millions of Pi coins into circulation. Early miners and team members could finally sell.
The supply shock overwhelmed demand. Pi coin entered free fall. It dropped from $3.00 to $2.00. Then $1.00. Then $0.50. The bleeding continued month after month.
The crash accelerated in early 2026. Pi coin price hit an all-time low of $0.1256 on Feb. 11. That represents a 96% decline from peak to trough. Almost all value evaporated.
The Pi Network holders who bought near the top lost nearly everything. The token currently trades around $0.1357 after a small 6% bounce from the absolute low.
A weak bullish divergence appeared between Jan. 19 and Feb. 11. Pi coin made a lower low during this period. RSI made a feeble higher low.
Pi Coin Price RSI Divergence | Source: TradingView
The divergence is not strong. It suggests some reversal potential, but the signal remains weak. The rally is not yet sustainable without additional catalysts pushing it higher.
Pi Coin Chaikin Money Flow Shows Large Accumulation Happening
The Chaikin Money Flow indicator revealed a critical divergence pattern. Between Dec. 17 and Feb. 11, Pi coin price made lower lows consistently.
The Pi Coin price downtrend looked unstoppable on price charts alone. But CMF simultaneously trended upward from negative territory. It climbed steadily higher while the price collapsed.
This is a powerful technical signal. CMF tracks whether money is flowing into or out of an asset. Rising CMF during falling prices indicates accumulation.
Large players are buying while retail panics and sells. Institutions or whales build positions quietly at depressed prices.
Pi Network CMF Divergence | Source: TradingView
The current CMF reading sits at negative 0.05. That is still slightly negative but trending toward zero.
The upward trajectory matters more than the absolute level. If CMF crosses above zero while Pi coin price stabilizes or rises, it would confirm that accumulation turned into genuine buying pressure.
The pattern makes sense when you consider the Pi Coin price crash magnitude. A 96% decline from $3.00 to $0.13 creates extreme fear. Retail investors capitulate and sell at any price.
Sophisticated players view it as an opportunity. They accumulate at levels that seem impossibly low. If Pi Network delivers on mainnet promises, these prices could look like generational buying opportunities years from now.
Pi Network Mainnet Deadline Could Spark 17% Rally
Feb. 15 represents a critical catalyst. The Pi Network core team set a firm deadline for all node operators to upgrade. Nodes running outdated versions face disconnection from the mainnet. This creates urgency across the entire network of over 16 million Pioneers.
The upgrade improves security, performance, and decentralization. It uses the Stellar Consensus Protocol for faster transaction finality. The deadline forces everyone to act simultaneously. That concentrated activity could spark renewed interest and buying pressure.
Kraken added Pi Coin to its 2026 listing roadmap. Major exchange listings typically drive price spikes. Payment integrations continue expanding.
Real-world merchant adoption is growing beyond just speculation. The ecosystem is maturing even though price action looks terrible.
Pi Coin Price Levels | Source: TradingView
Pi coin price currently trades at $0.1357. It needs to reach $0.1608 to break key resistance. That represents the 0.618 Fibonacci retracement level.
The Pi Network price requires a 17% rally from current levels. Breaking above $0.1608 would confirm a bullish reversal. It would invalidate the extended downtrend structure that dominated for months.
The post Pi Coin Price Plunges 96% but the Mainnet Launch Could Shift Sentiment appeared first on The Coin Republic.
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