Is Pi on Its Last Legs? A 9.55% Plunge Has Everyone Talking!

The chart for PI/USDT paints a grim picture, with the price plummeting to 0.8120, a sharp 9.55% drop in just 24 hours. The 15-minute candlestick chart shows a steep downward trend, with moving averages (MA5: 0.8132, MA10: 0.8118, MA20: 0.8172) all sloping downward, signaling strong bearish momentum. The price has breached the 24-hour low of 0.8010, and the volume of 87.7M PI traded suggests heavy selling pressure. With an upcoming $91M token unlock looming, the market seems to be bracing for even more supply, which could further depress the price. Is Pi counting its last breath? The technicals certainly suggest it’s on life support, but a reversal would need significant buying pressure to counter this freefall.