The Pi Network on the Brink of an Abyss: A Major Drop May Be Coming!

While the stormy days continue in the cryptocurrency market, Pi Network investors (PI) are in serious concern. After being stuck in a downward trend for a long time, PI is once again moving towards its all-time low. Despite previous hopes, the continuously falling price has severely shaken investor confidence. Technical indicators also show that the decline is accelerating, and the formation of a new bottom level in the market seems inevitable.
ADX Indicator Gives Alarm: Bear Trend Strengthens
The latest technical data clearly indicates that downward pressure is increasing. In particular, the ADX ( Average Directional Index ) exceeding the level of 25 indicates that the trend is becoming stronger. This situation suggests that the price recovery of PI in the short term will be difficult. The strength of this downward trend is making investors increasingly cautious.
The continuous rise of the ADX indicates that the negative momentum in the market has become permanent. At this point, most investors are questioning the long-term potential. While buying interest is declining, increased selling pressure could trigger deeper losses for the PI Network.
CMF Data Also Does Not Provide Hope: Investor Interest Weak
The CMF (Chaikin Money Flow) indicator that measures money inflows and outflows from Pi Network also supports the gloomy picture. Despite the recent slight increase, the indicator is still in the negative zone. This situation clearly reflects that investor interest in the token remains low.
A limited recovery in CMF may stem from short-term buying movements. However, if investor confidence is shaken again, this rise could reverse in a short time. If the outflow of funds continues, the price of PI may face another strong wave of selling.
What Happens If the Price of Pi Network Loses Support at $0.62?
Currently, Pi traded at the level of $0.70 is very close to its all-time low of $0.62. This altcoin, which has lost 12.8% of its value in the last 24 hours, could not maintain the level of $0.87 as support. This incident once again demonstrates the lack of confidence in the market.
If the decline continues and the level of $0.62 is breached, the price of PI could drop to $0.50. This also means new ATL ( all-time low ). For the opposite scenario, investor interest must increase rapidly and the price must stay above $0.87. However, this scenario currently looks quite weak.
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