• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Pi Network Price Faces Selling Pressure Amid Market Downtrend

user avatar

by Nguyen Van Long

4 months ago


The Pi Network token is currently facing significant selling pressure, leading to a critical juncture in its price movement. As the cryptocurrency market grapples with renewed trade tensions, the source notes that Pi Network's price dynamics are drawing attention from investors and analysts alike.

Текущая ситуация с ценой Pi Network

Currently, Pi Network's price has dropped below the crucial support level of 0.25 and is attempting to establish a new support zone around 0.20. This decline is attributed to intensified selling activity, which has been exacerbated by broader market declines. Analysts suggest that if the support at 0.20 holds, there is potential for a rebound, with targets set between 0.25 and 0.30.

Перспективы и риски

However, if the selling pressure continues and the support fails, the token could be on track to reach a new all-time low near 0.15. Investors are closely monitoring these levels as the market sentiment remains cautious amid ongoing economic uncertainties.

In light of the recent challenges faced by the Pi Network, GetBlock has announced a migration campaign offering significant discounts for users transitioning from the soon-to-be-shuttered BlastAPI platform. For more details, visit read more.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

American Bankers Association Highlights Insolvency Risks in Crypto Sector

chest

The American Bankers Association raises concerns about insolvency risks in the crypto sector, urging the Office of the Comptroller of the Currency to ensure adequate receivership capacities.

user avatarEmily Carter

American Bankers Association Urges Caution on Crypto Charter Approvals

chest

The American Bankers Association urges caution on crypto charter approvals, calling for a slowdown in the process until regulatory frameworks are established.

user avatarFilippo Romano

Accumulating Addresses Hold 27 Million ETH Amid Market Volatility

chest

A report reveals that accumulating addresses now hold approximately 27 million ETH, indicating strong long-term conviction despite market volatility.

user avatarTomas Novak

Intel Faces Mixed Analyst Ratings Amid Stock Volatility

chest

Intel faces mixed analyst ratings amid stock volatility, with Citic Securities upgrading to buy and JP Morgan issuing a sell rating.

user avatarMaya Lundqvist

Intel Stock Rebounds After Major AI Investment

chest

Intel's stock surged 25% to 4829 following news of a significant investment in AI and better-than-expected earnings.

user avatarKaterina Papadopoulou

HYPE Token Faces Price Pressure Amid Market Weakness

chest

The HYPE token, associated with the Hyperliquid ecosystem, is experiencing a price decline due to market weakness and profit-taking.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.