Pi Network has seen a 15% drop in the past month, with negative Chaikin Money Flow indicating dominance of selling pressure. Pi Network's inverse correlation with Bitcoin could lead to further declines, especially if Bitcoin continues its upward momentum. To reverse its downtrend, Pi needs to breach $0.8727 and turn it into support, paving the way for growth toward $1.00.
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Pi Network has faced a significant setback recently, registering one of the few declines among the top tokens. Currently, Pi is trading at $0.6077, reflecting a 15% drop over the past month.
This poor performance has left many investors questioning its future, especially as it struggles to show signs of improvement.
