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Pi Network Price Faces Potential Drop to $0.40 After Failed Rally
Pi Network Price Faces Potential Drop to $0.40 After Failed Rally
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s value has dropped over 70% from its recent peak of $1.50, now trading at $0.74 following a failed speculative rally. The token’s 150% surge ahead of the Consensus event collapsed when anticipated ecosystem announcements failed to materialize.
Daily trading volume has decreased by 44%, indicating waning investor interest. Market analysts caution that the project could retest its $0.40 historical low unless significant developments restore confidence.
The introduction of Pi Network Ventures, a $100 million ecosystem fund, initially generated Optimism but ultimately failed to halt the sell-off. Community sentiment continues to decline as the project struggles to deliver meaningful updates.
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