Pi Network Plummets: Whale Guru Validates Bybit CEO’s Dire Warning
Pi Network's valuation tanks as market sentiment turns sour
WHALE ALERT: Major holders confirm Bybit CEO's bearish prediction
The cryptocurrency's sudden collapse sends shockwaves through altcoin markets—trading volumes spike 300% as panic selling intensifies. Industry analysts point to concerning liquidity patterns while retail investors scramble for exits.TECHNICAL BREAKDOWN: Support levels shattered as selling pressure mounts
Market structure shows classic distribution patterns—large holders quietly exiting positions ahead of the public dump. The so-called 'free mining' model faces its first real stress test, and the results aren't pretty.REGULATORY SPOTLIGHT: Questions emerge about token distribution transparency
With no major exchange listings materializing and mainnet delays continuing, even the most ardent supporters face tough questions. The 'build it and they will come' strategy hits serious turbulence.MARKET REALITY CHECK: Another reminder that in crypto, sometimes the only thing free is the falling price
Pi Network price technical analysis
The daily timeframe chart shows that the value of Pi has been in a strong downtrend since February this year. It plunged from a high of $3 to a low of $0.1515 on Friday. The coin has remained below the key support at $0.3252, where it formed a double-bottom pattern.
The coin has also remained below the 50-day and 100-day Exponential Moving Averages. Therefore, the most likely scenario is where it continues falling, with the next point to watch being the psychological point at $0.10.
