PI Token Suffers 50% Weekly Drop as Bearish Momentum Intensifies
PI’s value has plummeted 50% in the past week, with technical indicators flashing strong bearish signals. The token’s BBTrend remains deeply negative at -19.36, reflecting sustained downward pressure as prices repeatedly test the lower Bollinger Band.
Market analysts highlight the Elder-Ray Index confirms intense selling activity, showing no immediate reversal patterns. Traders are preparing for extended volatility as Pi fails to establish reliable support levels during this aggressive market downturn.