BTCC
/
BTCC Square
/
Global Cryptocurrency
/
PI Token Faces 22% Plunge Amid Market Downturn: Analyzing the Selloff
PI Token Faces 22% Plunge Amid Market Downturn: Analyzing the Selloff
9
1
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s PI token dropped sharply by 22% to $0.61, mirroring a broader cryptocurrency market decline that wiped out $170 billion in value. This downturn highlights growing concerns about the project’s long-term viability.
Bearish pressure intensified as the BBTrend indicator reached -4.52, signaling sustained downward momentum. Once praised for its potential for mass adoption, Pi Network is now encountering skepticism from long-term holders about its future direction.
The selloff reflects wider sector tensions, with PI breaking critical support levels alongside other altcoins. Investors are closely examining the network’s fundamentals following its inability to maintain the key $1 psychological threshold.
By:
Previous
BYD’s Aggressive Price Cuts Spark EV Market Turmoil and Industry Backlash
Next
Wall Street Ponke ($WPONKE) Gains Traction as AI-Powered Memecoin Rival to Solaxy
