#PI While it’s true that Pi Network has seen a significant price drop after the May 14 conference, it’s important to put this in context. Sharp corrections following a rapid price surge—like the 170% increase leading up to the event—are not uncommon in the crypto market. This type of price movement often reflects “buy the rumor, sell the news” behavior, rather than a fundamental change in the project’s value.

Additionally, the short-term bearish indicators such as declining volume and MACD histogram negativity suggest current market hesitation, not necessarily a long-term downtrend. The drop in trading activity could also be a natural cooldown after a hype-driven rally.

Without clear confirmation of a trend reversal or breakdown of key support levels, it’s premature to assume a sustained bearish market. As with all volatile assets, market direction should be evaluated with a broader timeframe and not solely on short-term technical signals.