Pi Network is facing a steep price decline, dropping over 53% this month to $0.7699, making it one of the worst-performing major cryptocurrencies. Technical analysis signals further downside, with a potential fall to $0.5545 if support levels fail.
Over 2 million tokens have recently been deposited into exchanges, a bearish sign indicating rising selling pressure. Additionally, more than 72 million tokens are set to unlock this week, further increasing supply. Without strong demand,
$PI Coin’s price could continue to crash in the coming days.
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