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PI Token Faces Potential 35% Drop as Market Sentiment Turns Bearish
PI Token Faces Potential 35% Drop as Market Sentiment Turns Bearish
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network''s price shows signs of vulnerability, hovering NEAR $0.60 as bearish momentum builds. Trading volumes have plummeted 44% in the past day, while net exchange inflows of 2.27 million tokens signal mounting sell pressure. The token now risks retesting the $0.40 support level—a 35% drop from current prices—unless bullish catalysts emerge.
The cryptocurrency''s volatility remains extreme. After skyrocketing 2951% during its Open Mainnet launch in February, Pi has since erased 81% of those gains. While a 113% rebound occurred in early May, subsequent selling erased nearly half that recovery. Market participants now watch for potential turning points during Pi2Day celebrations or new exchange listings that could reignite demand.
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