Pi Network (PI) is experiencing a significant decline, as it has dropped 13.14% in the last 24 hours. The market cap has also fallen 12.69% and trading volume has surged by 65.76%. The increased trading activity suggests panic selling and intensifying bearish pressure. Despite hopes for a price surge on PIDay, the current market trend is bearish, casting doubt on short-term bullish predictions. The technical indicators confirm the negative trend, with weak momentum and a lack of strong buying interest. The Pi Network is currently struggling near its $1.50 support level, and breaking below could lead to further losses. Traders are advised to exercise caution and watch for clearer trend signals.



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