🔻 Pi Network Struggles Under $0.50 — What’s Really Happening? 🔻
$PI dips 2% as sell pressure rises... but social chatter explodes 🚀
🧠 Market Recap
After forming a Doji candle Thursday, Pi Network is facing a fresh downturn — now battling to hold the $0.50 psychological support. As of Friday, $PI trades between $0.50 and $0.4711, nearing critical levels.
📉 Key Bearish Signs:
Net Outflows Dominate:
✅ Pi Foundation wallet outflow: -5.81M $PI
✅ CEX net outflow: -36,580 $PI, mostly from OKX
→ Indicates possible strategic selloff or lack of trust
Technical Pressure:
🔻 RSI at 36 → Approaching oversold
⚠️ Daily close under $0.4711 may lead us to $0.40 territory
💬 Social Metrics Tell a Different Story:
Despite bearish price action:
📈 Social dominance spiked from 0.18% → 0.39% in 5 days
🧾 Weighted sentiment: -0.327 = fear + discussion = volatility ahead
💡 What It Means for Investors:
Pi's hype remains strong, but data suggests whale exits & distribution.
If you're accumulating $PI now, you might be exit liquidity — stay sharp.
⚖️ Strategy:
✅ Wait for RSI reversal or reclaim of $0.50 with volume
✅ Track Pi Foundation movements via PiScan
✅ Stay updated — don’t chase hype blindly
👇 What’s your $PI move right now? Buying the dip or staying cautious?
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