Pi Network has experienced a significant downturn, with its price dropping 23% in the past week. This decline reflects the weak market conditions that have been eroding the altcoin's gains. Investor confidence in Pi Network is dwindling, leading many to pull out, leaving the future of the token uncertain. The bearish market conditions are evident in the Chaikin Money Flow (CMF) indicator, which shows outflows dominating the market. The MACD indicator also indicates bearish momentum for the altcoin. The overall macro momentum for Pi Network is under pressure due to negative trends in the broader cryptocurrency market. The price of Pi Network is currently stuck under the resistance level of $1.43, and the chances of recovery appear low. If the critical support level of $1.19 is broken, the token could see further declines, potentially dropping below $1.00. However, if Pi Network can capitalize on attention and reclaim the $1.43 barrier, there is a possibility of a trend reversal and recovery to $1.64. This would require significant momentum and investor confidence.



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