Pi Coin Hits Record Low as Sell-Off Intensifies
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token has dropped to an all-time low of $0.34, with monthly token unlocks increasing selling pressure. The altcoin now faces a 40% downside risk after breaking critical support at $0.44, and technical indicators suggest further declines to $0.26.
Despite recent rallies in broader altcoin markets, Pi Coin continues to underperform. Analysts point to its inability to reclaim the 50-day moving average as a key factor, emboldening bears and keeping buyers away.
Exchange wallet balances are growing, indicating heightened sell-side pressure. The breakdown from a bearish triangle pattern, previously bounded by $0.74 resistance and $0.44 support, confirms the worsening technical outlook.
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