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PI Network Token Plummets 25%, Raising Concerns Over Sustained Downtrend
PI Network Token Plummets 25%, Raising Concerns Over Sustained Downtrend
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
PI Network’s cryptocurrency is under significant bearish pressure as its price approaches a critical test of the 20-day Exponential Moving Average (EMA). The recent 25% drop has heightened fears about the token’s ability to maintain its earlier gains from the May 8-13 rally.
Technical indicators now point to weakening momentum, with a potential EMA breakdown threatening to reverse PI’s bullish trend. Traders and investors are closely monitoring the token’s short-term performance as its future direction remains uncertain.
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