Pi Coin price has been dropping, but a positive sign has now appeared to show that it is likely for the token to recover, as buyers might soon enter the market again. However, this sign has also not stopped sellers from dumping their coins, as two million PI tokens have been moved to different exchanges in the last 24 hours. Pi Coin is trading at $0.44 today, July 19, with a 1.23% increase in 24 hours.

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Pi Coin Price Eyes Recovery as MACD Confirms Buy Signal

The major sign suggesting that it might be the right time for the Pi Network token to recover is the MACD, which has made a bullish move that traders might respond to and start buying more coins. This sign appeared last week, and since then, it has been rising, reducing concerns that Pi Network might crash to an all-time low below $0.40.