PI NETWORK PLUMMETS 42% AS MAINNET LAUNCH TRIGGERS FEARS 🚨📉
The price of Pi Network plummeted 42% in 24 hours amid growing skepticism about its mainnet launch on February 20. Rumors that it is a pyramid scheme have fueled investors' doubts, increasing selling pressure.
Technical indicators signal problems: the RSI has decreased dramatically and the Chaikin Money Flow (CMF) remains negative, showing weak buying interest. If PI loses the support at $63, it could fall to $47. A recovery is possible only if it regains $130, but investor confidence remains low. 📊🔻
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What do you think? 🙂