Payout coin plummets to a historic low of $0.146, is the oversold extreme bearishness about to reverse?

Pai Coin hit a historical low of $0.146 in January, rebounded to $0.15 but struggled to maintain that level. There are no signs of a bottoming out yet, as Bitcoin and Ethereum continue to decline, dragging the overall market down. In mid-January, it plummeted 25%, and the selling pressure persists. The daily RSI has been consistently oversold below 30 since the beginning of the year, indicating extreme bearish sentiment but also suggesting a potential rebound. If a rebound occurs, traders should watch the $0.2 resistance level.

Pai Coin’s 25% Crash in January Sets New Record Low

(Source: TradingView)

Pai Coin (Pi Network) briefly touched $0.146 in January and closed at a new all-time low. Afterwards, buyers pushed the price above 15 cents, but if the downtrend continues, this situation is unlikely to last. Worse, there are no signs of a bottoming rebound yet, especially as major market leaders like Bitcoin and Ethereum keep falling. From last year’s February high, Pai Coin has plunged over 94%, a drastic decline rarely seen among mainstream cryptocurrencies.

A significant sell-off has been occurring since early 2026. At the start of the new year, bearish traders increased their orders, flooding the market with大量 sell orders. This caused the price of Pai Coin to crash 25% in mid-January. Chart analysis indicates that this selling pressure appears to persist into February. The 25% monthly decline shows highly concentrated and intense selling pressure, not typical market fluctuation, but possibly panic selling or large-scale institutional liquidation.

The $0.146 low carries important psychological significance. For many early Pai Coin miners, this price may have fallen below their mental threshold. When prices break below all expectations, two extreme reactions often occur: either complete despair leading to panic liquidation, or believing “it can’t go lower” and buying the dip. Current price action suggests the former dominates, with despair-driven selling still ongoing.

The rebound from $0.146 to above $0.15 is very weak. The 2.7% increase is almost negligible in the crypto market. More importantly, this rebound lacks volume support, indicating very limited buying strength. Without significant positive catalysts or a broader market recovery, Pai Coin will find it difficult to sustain above $0.15, and testing or even breaking below $0.146 is highly probable.

Rare Extreme RSI Oversold for Over 30 Days

(Source: TradingView)

The daily RSI indicator is severely oversold. Since the start of the year, the daily RSI has remained in the oversold zone (below 30) without leaving it. This is an extremely bearish signal but also suggests a possible rebound, as prices rarely stay at extreme levels for long.

RSI staying below 30 for over 30 days is very rare in technical analysis history. Typically, after entering the oversold zone, RSI rebounds to neutral levels within days, even if prices continue to decline, as the RSI slows down with the price drop. But Pai Coin’s RSI has remained below 30 for 30 consecutive days, indicating continuous decline or consolidation at very low levels, with selling pressure never truly easing.

This extreme oversold condition has a dual nature: technically, it signals a strong potential for rebound, since markets can’t decline indefinitely in one direction; a technical correction is inevitable. Psychologically, however, this persistent oversold state indicates fundamental issues, with the market “voting with its feet” and expressing complete distrust in Pai Coin. A technical rebound could happen at any time, but it is more likely to be a “dead cat bounce” rather than a genuine trend reversal.

If a rebound occurs, traders should watch the $0.20 resistance level, which could hinder any upward movement. $0.20 is an important technical level for Pai Coin, having repeatedly acted as resistance. Psychologically, it is an integer level that tends to attract sell orders. From a technical perspective, this price point may correspond to the cost basis of many trapped investors, who will choose to “cut losses and run” when prices reach this level, creating heavy selling pressure.

According to BeInCrypto’s analysis, confirming a true bottom and trend reversal for Pai Coin requires the price to break through key resistance levels along with synchronized improvements in volume and RSI. Currently, conditions are far from this standard. In the short term, due to ongoing selling pressure, poor overall market conditions, and unresolved fundamental issues with Pai Coin itself, the price may continue to decline, testing or even breaking below $0.146, with the next support possibly at $0.10 or lower.

For investors considering bottom-fishing, Pai Coin is extremely risky at this point. Although extreme technical overselling might trigger a rebound, such a rebound in a strong downtrend is usually short-lived and limited in scope. A more rational approach is to wait for clear reversal signals, such as RSI breaking above 30 and stabilizing, price breaking through $0.20 resistance, volume increasing steadily, and the overall market stabilizing. Until these conditions are met, any attempt to buy the dip could be akin to catching a falling knife.