PI is trading at $0.07286 on July 28, down 5.60%, putting pressure on the lower Bollinger Band as viral criticism of the tokenomics circulates without official rebuttal from the Pi Core Team, with the all-time low sitting just below the current price.
PI is Within One Daily Close of Posting a New Record Low
The daily chart shows PI at the lower Bollinger Band at $0.07003, which is also the last technical support before the price enters uncharted territory. The Bollinger middle line at $0.08614 and the 20-day EMA at $0.08887 are significantly higher, and all four EMAs continue to slope downward with no signs of flattening. The 50-day at $0.10635, 100-day at $0.12732, and 200-day at $0.17207 form a cumulative ceiling that lowers with each red session.
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Today's intraday low of $0.07286 is a new multi-month low. A daily close below $0.07003 at the lower Bollinger Band would confirm a breakdown to the all-time low with no historical support below. The upper Bollinger Band at $0.10225 marks the outer boundary of any recovery attempt, roughly 40% above the current price.
What Are the Key Support and Resistance Levels for PI Today?
Resistance
- $0.08614 — Bollinger Middle Line, first ceiling for any bounce
- $0.08887 — 20-day EMA, sloping down and increasing overhead pressure
- $0.10225 — Upper Bollinger Band, outer boundary of a recovery attempt
- $0.10635 — 50-day EMA, part of the cumulative downward-sloping EMA structure
Support
- $0.07003 — Lower Bollinger Band, last technical floor before the all-time low
- No established support below $0.07003
Why Is Pi Network Struggling Today?
#PiNetwork Tokenomics has some serious unanswered questions that are creating confusion and reducing investor confidence in $PI .
— MAHIDHAR CRYPTO (@Mahidhar_Crypto) July 27, 2026
Total Supply: 100,000,000,000 Pi
🟣 Community Mining Rewards: 65,000,000,000 Pi
🟣 Ecosystem Development: 10,000,000,000 Pi
🟣 Liquidity Pool:... pic.twitter.com/W6yqkY2rWB
Analyst Mahidhar Crypto published a widely-shared breakdown of Pi Network's token distribution, noting several unanswered questions about the total supply of 100 billion. The core team holds 20 billion PI, the ecosystem development fund holds 10 billion, and the liquidity pool holds 5 billion, leaving 65 billion allocated for community mining rewards.
So far, only 16.8 billion PI have been mined and migrated to the mainnet, representing roughly 16.8% of the total supply, meaning the vast majority of the token's potential circulation remains unlocked or unmined.
Mahidhar's thread argued that without clarity on what happens to the un-mined community allocations and without a burn mechanism, PI's long-term price trajectory points to $0.01. The Pi Core Team had not publicly responded to the thread at the time of publication. In a market already facing bearish sentiment, viral supply criticism without immediate official rebuttal creates precisely the kind of uncertainty that prompts marginal holders to sell into weakness.
Pi Network Ventures Backs $12 Million Physical AI Startup
We’re thrilled to announce a $12M Seed round, led by @hack_vc, with participation from @NomadCapital_io , @PiCoreTeam Ventures , @10kventure and top angel investors.
— Axis Robotics (@axisrobotics) July 27, 2026
Physical AI has a data problem. Models need more than static datasets—they need diverse data that evolves with... pic.twitter.com/byx4JSC7fn
Pi Network Ventures participated in a $12 million seed round for Axis Robotics alongside lead investor Hack VC, Nomad Capital, 10K Venture, and notable angel investors. Axis is building a data engine for physical AI robots, combining large-scale simulation, real-world egocentric data collection, and human-in-the-loop post-training to create a closed-loop workflow.
The company currently manages 100,000 active global participants, generating over 1,200 hours of simulation data and 20,000 hours of real-world data monthly. In the LIBERO-Plus benchmark, pre-training on the Axis dataset improved model success by 4.9 points and outperformed the baseline by 31.3 points in volume.
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The investment signals Pi Network Ventures positioning the ecosystem beyond crypto infrastructure into physical AI, though the direct impact on the PI price remains indirect at best due to current selling pressure driven by supply concerns.
Pi Network Price Forecast: Upside and Downside Targets
Bull Case — Target: $0.08614 (Bollinger Middle Line)
The lower Bollinger Band at $0.07003 holds as the daily close. The Pi Core Team responds to the Mahidhar Crypto thread with clarity on un-mined community allocations or a burn proposal, removing the primary short-term selling catalyst. The Axis Robotics investment draws attention to the ecosystem's broader ambitions. PI recovers towards the Bollinger middle line at $0.08614 as the technical low holds and the narrative shifts from supply concerns to ecosystem expansion.
Bear Case — Breakdown to ATL: Below $0.07003 with No Floor Below
PI closes below the lower Bollinger Band at $0.07003, confirming a breakdown to the all-time low. The Pi Core Team continues to not respond to the tokenomics thread, allowing the supply narrative to persist unchallenged. Lack of a burn mechanism and ~83.2B PI not yet in circulation accelerate selling. The price enters uncharted territory with no historical support levels below to create a bottom.
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