Pi Network’s PI Token Extends Decline Amid Sustained Selling Pressure
Pi Network’s PI token continues its downward trend, dropping 3.52% in the last 24 hours to $0.6112. The sell-off persists following February’s short-lived rally to $2.50, which failed to maintain momentum.
Technical indicators suggest weakening selling pressure but show no strong reversal signals. While some analysts see contrarian long opportunities, the overwhelmingly bearish market structure makes this a high-risk play due to the lack of significant buy-side catalysts.