Pi Network’s Bull Run Hopes Dwindle as Insiders Cash Out

While the broader crypto market rides the wave of euphoria, Pi Network faces headwinds as early backers quietly exit.

Smart money moves—retail bags wait. Another case of ’build the dream, sell the hype’ in Web3’s endless cycle.

Pi Network price technical analysis

The four-hour chart shows that Pi Coin has declined sharply from 1.6692 dollars last week to 0.8180 dollars.

The price has formed a bearish flag pattern, a continuation setup that typically consists of a sharp decline (flagpole) followed by a period of consolidation within parallel trendlines (the flag). The flagpole began on May 12 and ended on May 17.

Pi Coin is now forming the flag section of the pattern. If the structure plays out, a bearish breakdown may follow, with the next support level to watch at 0.6585 dollars, the May 17 low. A break below that level could trigger further downside toward 0.5545 dollars, the lowest point reached on April 29.