PI coin plunges 33% but outperforms DOT and MATIC! Oversold bottom recovery imminent

Pi Network’s native token PI has dropped 33.5% over the past 90 days, but has outperformed dozens of major altcoins such as IOTA, DOT, MATIC, and ETHFI. Analysis indicates that, after a prolonged period in the oversold zone, Pi Coin is showing signs of positive performance, with its price chart beginning to flatten rather than decline—typically a signal that selling pressure is weakening.

33.5% Drop in 90 Days, Still Outperforms Mainstream Altcoins

(Source: X)

This chart compares the top 100 cryptocurrencies with the best performance over the past 90 days, clearly showing which coins have succeeded and which have underperformed. Some popular “meme coins” performed strongly and topped the list, while some mainstream altcoins fared poorly, even hitting new lows. The chart ranks coins by percentage gain or loss, revealing a huge gap between the top gainers and the biggest losers.

Pi Network’s position in this ranking is quite telling. Pi Coin fell 33.5% in the past 90 days, placing it in the middle of the pack. Although Pi is still in the red, it has outperformed dozens of major altcoins such as IOTA, DOT, MATIC, and ETHFI. This relative improvement has boosted Pi’s ranking and also confirms the view that its downward pressure is easing.

In absolute terms, a 33.5% drop is not small, but in the context of a crypto market correction cycle, it’s not extreme. More importantly, Pi Network managed to outperform many larger and more well-known coins in a generally declining market, demonstrating its relatively solid fundamentals and community support. IOTA, DOT, and MATIC were all once star projects with market caps and liquidity far exceeding Pi, but each has dropped over 43% in this round of corrections, reflecting a potentially more severe loss of market confidence in those projects.

This improvement in relative performance is significant in technical analysis. When an asset drops less than the market as a whole during a downturn, or stabilizes first during a sideways market, it often signals a shift in capital flows. Investors may be pulling out of bigger losers and reallocating to assets with smaller declines and more attractive valuations. Pi Network is showing some defensive qualities in this process.

Pi Network vs. Mainstream Coin Declines

Bigger Losers: IOTA (-44%), DOT (-44%), MATIC (-43%), ETHFI (-44%)

Moderate Losers: Pi Network (-33.5%), TAO (-24%), TRX (-24%)

Relative Advantage: Pi’s drop is more than 10 percentage points smaller than IOTA/DOT/MATIC/ETHFI

This comparison shows that, despite being in the loss column, Pi Network’s performance is better than most other assets on the market. Particularly when compared to other projects with strong communities, Pi’s resilience stands out. DOT and MATIC were once the face of DeFi and Layer-2 narratives, but in the current market environment, their performance has lagged behind Pi Network, which is still in its mainnet transition phase.

Technical Signal of Oversold Bottoming Confirmed

Pi’s oversold status has persisted even longer than most crypto assets. Here, “overbought status” should actually refer to “oversold status,” meaning that technical indicators such as RSI have remained in the oversold zone (usually below 30) for a long time. Pi Network’s price chart has started to flatten rather than continue falling, which typically signals weakening selling pressure.

In technical analysis, the longer an asset remains oversold, the stronger the eventual rebound often is. This is because extended oversold conditions indicate that panic selling has largely played out, weak holders have been flushed out, and only strong long-term holders remain. When selling pressure is exhausted, even a small wave of buying can trigger a price rebound. Pi Network has endured weeks or even months of intense sell-off pressure, but is finally beginning to stabilize, which is a manifestation of selling exhaustion.

Markets typically bottom out when selling slows, and Pi has now shown initial signs of stabilization. This is evident in several ways: narrower price swings, smaller daily losses, and repeated oscillation near key support levels without significant breakdowns. These are all classic bottoming characteristics. Traders see this as a signal of a potential momentum reversal, and while more confirmation is needed, the downside risk has been significantly reduced.

The chart data comes from CoinMarketCap’s “Altcoin Season” index, which tracks the performance of altcoins relative to Bitcoin over a specific period. Analysts believe this tool effectively gauges capital inflows and outflows in the altcoin market. The Pi value trend in this index reflects a declining degree of relative weakness. When Pi Network’s performance in this index begins to improve from the bottom, it means that, relative to Bitcoin and other altcoins, Pi is regaining market attention.

From a price-volume perspective, although the article doesn’t mention trading volume directly, price stabilization is usually accompanied by shrinking volume. This kind of “low-volume bottoming” is a healthy pattern, as it indicates that selling is nearly over and the market is waiting for a new catalyst to break the stalemate. Once there’s a surge in volume and price, it will confirm the reversal.

Panoramic Comparison with Meme Coins and Mainstream Coins

This chart compares Pi Network’s performance with that of popular assets, revealing current capital flow trends in the crypto market. Top gainers include DOGS (+200%+), NEIRO (+150%+), PEPE (+100%+), and WIF (+80%)—all recent hot meme coins, showing that speculative capital is still chasing high-risk, high-reward assets.

In contrast, BTC’s 15% and ETH’s 10% gains may not be impressive, but they are stable. This performance is typical of blue-chip coins: when market uncertainty is high, capital often flows back to “safe havens” like Bitcoin and Ethereum. Although Pi Network has dropped 33.5%, considering the brutal performance of the overall altcoin market, this decline is actually within an acceptable range.

Moderate losers such as TAO (-24%) and TRX (-24%) have even outperformed Pi Network, but both projects have clear technical narratives or ecosystem backing. TAO (Bittensor) is a leading project combining AI and blockchain, while TRX (TRON) is a mature public chain ecosystem. Pi Network’s ability to remain in the same decline range as these projects shows its resilience.

This panoramic comparison reveals a key fact: in the current market environment, either highly speculative meme coins are soaring, or blue-chip coins are posting modest gains, while most altcoins are under pressure. Pi Network’s ability to remain relatively stable—and post a smaller decline than most competitors—in this polarized market demonstrates that its unique value proposition and community base are playing a role.

Mainnet Transition Phase and Community Power

Pi Network is currently at a unique stage, as the project is still in the process of launching its mainnet. With a huge community but limited market access, its price trends are often less predictable than traditional altcoins. This uniqueness is both a risk and an opportunity. The risk is that limited liquidity could lead to extreme price swings; the opportunity is that once the mainnet fully opens, pent-up demand could be released all at once.

A prolonged oversold period followed by bottoming out means that when demand returns, Pi could enter a more stable or bullish phase. Progress in the mainnet transition is a key catalyst, and each milestone could prompt the market to re-evaluate Pi Network’s value. In terms of community interest and participation, this post has drawn widespread attention from Pi supporters, who have been closely monitoring these trends. The combination of data and sentiment further reinforces the view that Pi could see a recovery in the near future.