PI Token Faces Sharp Decline Amid Exchange Inflows and Technical Breakdown
Pi Network’s native token has dropped 53% from its May 12 peak, currently trading at $0.7752 following a technical breakdown. The asset fell below both its 50-day EMA at $0.7910 and the lower boundary of a bearish flag pattern, indicating potential further losses.
Exchange wallets received over 2 million Pi tokens within 24 hours—a clear sign of holder distress. This surge in exchange deposits often precedes sell-offs, aligning with the token’s 14-day downward trend.