Pi Coin Struggles Below $1: What’s Next for PI?

Pi Coin (PI) is experiencing a challenging phase, with its price currently at $0.8397. The token has witnessed a 1.59% decline in the past hour and a 3.55% drop since yesterday. Despite a substantial 24-hour trading volume of $450 million, PI has been in a prolonged downtrend, losing nearly 72% of its value in the past month, falling from $3 to its current level. Over the last week alone, the token has dropped by almost 30%. Read Pi Network Price Prediction 2030 Technical Indicators and Market Trends The 50-day and 200-day Simple Moving Averages (SMA) both stand at $1.49, indicating a significant deviation from the current price. This suggests bearish momentum, with traders looking for potential reversal signals. Analysts highlight a possible further decline to $0.6 before a bounce-back to higher levels, with MOON JEFF projecting a potential recovery to $5 in the long term. Andrew Griffiths also sees an opportunity at $0.75, pointing to a Falling Wedge Pattern that could indicate...