• 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

Pi Network Price Faces Selling Pressure Amid Market Downtrend

user avatar

by Nguyen Van Long

9 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

Coinbase Enhances User Experience with Smart Wallet Verification Upgrade

chest

Coinbase has launched a Smart Wallet verification upgrade aimed at simplifying multichain dApp access for users.

user avatarAyman Ben Youssef

Ethereum's Future Depends on Institutional Interest and Market Signals

chest

The future of Ethereum hinges on institutional interest and market signals as traders await proof of sustained demand.

user avatarTando Nkube

Ethereum Market Dynamics Amid ETF Launch Speculation

chest

Ethereum's market is showing signs of caution as traders become more selective ahead of potential ETF launches.

user avatarKofi Adjeman

Market Signals and Bitcoin's Recovery

chest

Bitcoin's recovery is supported by ETF inflows and a calmer derivatives market, but requires confirmation from spot demand.

user avatarNguyen Van Long

Kraken Expands Support for Arbitrum-based Stablecoins

chest

Kraken's recent update to support Arbitrum-based stablecoins marks a significant shift in the exchange's approach to Layer 2 networks, allowing for more efficient transactions and addressing high fees on Mainnet Ethereum.

user avatarSatoshi Nakamura

SEC Moves Towards Formal Crypto Regulation

chest

The SEC is moving towards formal rulemaking for cryptocurrency firms to provide clearer guidelines and reduce uncertainty in the industry.

user avatarJesper Sørensen

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.