Pi Network Price falls by 10% at an important level despite important network notes

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  • The price of PI Network has fallen by almost 10% in the last 24 hours.
  • dealers will probably observe the area of ​​$ 0.65- $ 0.75 to see signs of outbreak or further weakness.
  • The focus of Pi Network on real use positions it for long -term growth.

The native token of Pi Network, PI, has experienced a sharp decline in the past 24 hours and, despite significant developments in the ecosystem, has fallen to a critical level of support.

The price decline happens, while great cryptocurrencies have trouble keeping their profits.

In the last 24 hours, PI's price has fallen by almost 10% and has reduced the weekly increase to around 14%, while the Altcoin lingered at about $ 0.66.

Despite the expansion of the Pi ad Networks to all DAPPS in the ecosystem, the price of PI Network is under short -term focus.

tron ​​and Cardano also have difficulties, but what does that mean for the pi token?

Important developments in the PI Network

In the past few days, the PI Network has published remarkable developments in the network.

This includes an important integration with Chainlink, which represents a crucial step for cryptocurrency and provides real -time data for decentralized applications.

For DAPPS, the collaboration means fresh potential for defi applications, forecast markets and blockchain games that could all drive the demand for PI.

The same view applies to defi protocols such as lending or staking platforms.

In the meantime, the expansion of the PI ad Networks leads to all DAPPS in the ecosystem to a new source of income for developers.

advertisers have to buy PI to finance campaigns, while developer Pi earn through the commitment of users.

originally tested with five apps in 2024, the full rollout of the ad networks is expected to accelerate app development and token use.

Nevertheless, the price movement of PI reflects the market uncertainty despite these fundamental developments.

pi-price for forecast

After reaching the maximum of $ 3 in February, Pi is in a steady decline.

The token has lost significantly in value, with the current level that is about 77% of the all -time high.

A look at the hourly chart shows a symmetrical triangular pattern, a technical setup that often signals consolidation before an outbreak.

It is noteworthy that this can be done in both directions, and it shows down for Pi.

pi network chart of tradingview

The outbreak of the symmetrical triangle indicates that sellers take advantage of the uncertainty, possibly due to broader market conditions or profit treatment according to previous ones.

This is probably what the bears controlled, a scenario that could press the price of PI under important levels.

As can be seen above, the token is now testing the support close $ 0.65. Apart from the symmetrical triangle pattern, the relative strength index and the sliding average development give the sellers an advantage. The MACD shows a recent bear crossing point that shifts the short -term sentiment after rejection at about $ 0.75.

If the bulls do not manage to stay over $ 0.65, Pi could slide in the direction of $ 0.50

If Bullish builds up Momentum, Pi could break over $ 0.8 and increase in the direction of $ 1.20 at short notice.

The contribution "The PI Network price is 10% on a critical level despite significant network notes" first appeared on Coinjournal.