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Pi Network Analysis: Will PI Coin Rebound to $2.50 Amid Market Volatility?
Pi Network Analysis: Will PI Coin Rebound to $2.50 Amid Market Volatility?
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s recent market performance has been highly volatile, surging to $1.70 on May 13 before dropping over 50% in just two days. The token is now struggling to hold support above $0.81, with analysts pointing to multiple resistance levels and upcoming token unlocks as significant challenges.
The market capitalization tells a concerning story—PI’s valuation plummeted from $9 billion to $6 billion within days, causing its ranking to drop from the top 20 to 29th among cryptocurrencies. Despite the project’s announcement of a $100 million development fund, skepticism remains about its near-term recovery potential.
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