Pi Network (PI) falls 7.06% to $0.9322, market cap of $6.3B.
Trading near the lower band, indicating high selling pressure.
Pi Network (PI) has extended its downward trend, dropping 7.06% in the last 24 hours to $0.9322. Its market cap stands at $6.3 billion, reflecting the same percentage decline, while 24-hour trading volume surged 57.46% to $303.63 million, indicating increased market activity.
Despite a broader crypto market recovery, PI struggles to regain lost ground. The token has dropped nearly 60% from its previous highs, raising concerns among investors. Technical indicators suggest further downside pressure unless buying momentum strengthens.
Can Pi Network Recover?
PI faces immediate resistance at $1.00. A breakout above this could push the price toward $1.20, a key psychological level. However, the support at $0.90 remains crucial. If this level is breached, PI could drop further to $0.80 or lower.
The RSI stands at 37.93, nearing oversold conditions. Typic
We współpracy z: https://thenewscrypto.com/why-is-pi-network-pi-crashing-today/
