🔻 Reasons for the Decline in Pi Coin Price:

1. Increase in Supply (Monthly Token Issuance)

• New tokens are issued monthly, leading to an increase in supply without a corresponding growth in demand, resulting in continuous selling pressure.

• The more supply increases without a rise in demand, the price automatically declines as a result of the laws of supply and demand.

Brief Analysis of Pi:

• Current Price: $0.3605

• Trend: Bearish in the short term

• Support: $0.3440$ then $0.3220

• Resistance: $0.3632$ then $0.3773

• Status: Clear selling pressure, price below most moving averages (MA) and the likelihood of further decline exists.

✅ Safe Purchase: Only after a stable breakout of $0.3632$ with an increase in trading volume.

⚠️ Beware of breaking $0.3440$ as it opens the way for a drop to $0.32.