Pi Network Loses 18% in 48 Hours: Could It Drop to Half a Dollar?

Pi Network has faced a tough period, losing 18% of its value in the last 48 hours.

This drop has erased its recovery efforts since March, raising concerns among investors and making the altcoin more vulnerable to further corrections.

The RSI remains below the neutral 50.0 line, indicating a continuing downtrend and showing no bullish signals for Pi Network — increasing the risk of further downward pressure.

A lack of momentum in the overall market and the absence of bullish RSI signals are causing investors to avoid buying Pi Network, keeping the risk of decline high.

The narrowing of the Bollinger Bands suggests that a volatility spike may be coming soon for Pi Network. However, if the downtrend continues, this could trigger a sharp price drop.

The squeeze in the Bollinger Bands signals that a major price move is near. If the bearish trend holds, this volatility could push prices even lower and further weaken the altcoin’s performance.

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