🚨 Pi Network in Freefall? Or Gearing Up for a Comeback?
From $1.67 to $0.66 in Just 5 Days — Is Pi Network losing its spark, or loading up for a massive rebound?
What Went Down:
May 12: PI hits $1.67
May 17: Crashes to $0.66 — a 60% wipeout
Why? Despite a $100M startup fund, Consensus 2025 failed to impress. Founder Dr. Nicolas Kokkalis couldn’t reignite investor hype.
But Wait… Something’s Stirring
Thursday bounce to $0.80 formed a temporary lifeline
Supported by the 200 EMA + short-term trendline
Warning Signs Flashing:
RSI: 48 and falling — Bulls losing grip
MACD: Bearish crossover — momentum slipping
Price flirting with a breakdown — Could trigger a new drop to $0.66 or even $0.57
Key Zones to Watch:
Breakout Zone: $0.80+ (needs strong volume)
Danger Zone: Below $0.66 — could fuel panic selling
Final Word:
Can Pi reclaim $1? Only if bulls wake up now. Otherwise, the next stop could be the sub-$0.60 pit zone.
💬 What do you think — Bounce incoming or more blood?
Like & Share if you’re watching Pi closely.
Comment: “Moonshot” or “Meltdown”?
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