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$PI Stay calm for now—Gate is showing 0.07170 USDT, down 18.87% in 24H. This isn’t a normal pullback; the shorts are still pressing it down.
In the short term, the price is still sitting below the 1H moving average. 0.0710—0.07043 is the near-term support; if it can’t hold, sentiment will keep grinding. Above, first watch 0.07509—if it can reclaim it with volume, then look toward around 0.0775. Until it recovers, any bounce is only a weak rebound.
Fundamentals aren’t completely stalled: on July 7, Pi’s official account added cross-session data storage and AI-assisted planning for App Studio’s new applications. But while the product moves forward, it doesn’t mean the coin price will reverse immediately. If it were me, I wouldn’t go heavy here catching a falling knife—first I’d wait for signs of stabilization and confirmation from volume.
Brothers, do you think 0.0704 can hold, or do we need to probe a little more? 👇
#PI #PiNetwork #altcoins
(Pure personal opinion, DYOR. If you lose money, don’t blame me 😂)