🔻 Reasons for the decline in Pi Coin price:
1. Increase in supply (monthly token issuance)
• New tokens are issued monthly, causing an increase in supply without a corresponding growth in demand, leading to continuous selling pressure.
• The more the supply increases without an increase in demand, the price automatically decreases as a result of supply and demand laws.
Brief analysis of Pi:
• Current price: $0.3605
• Trend: Bearish in the short term
• Support: $0.3440$ then $0.3220
• Resistance: $0.3632$ then $0.3773
• Status: Clear selling pressure, price below most moving averages (MA) and the possibility of a decline exists.
✅ Safe buying: Only after breaking 0.3632$ with confirmation and an increase in trading volume.
⚠️ Caution against breaking 0.3440$ as it opens the way for a decline to 0.32#TrumpTariffs #TrumpTariffs