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Pi Network’s PI Token Drops 10% Amid Bearish Signals—Is $0.40 the Next Support?
Pi Network’s PI Token Drops 10% Amid Bearish Signals—Is $0.40 the Next Support?
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token PI has dropped 10% over the past week, with technical indicators suggesting further downside potential. The cryptocurrency is now testing its all-time low of $0.40 as selling pressure mounts.
Despite broader crypto market strength, PI shows weak momentum. Its Relative Strength Index (RSI) sits at 39.78 and continues to trend downward, indicating declining demand. The on-balance volume (OBV) metric also reflects reduced accumulation, reinforcing the bearish outlook.
Analysts warn the token could enter oversold territory if current trends persist. Investor sentiment remains negative, with little indication of a near-term recovery for PI.
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