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Pi Coin Crashes After Mainnet Launch!

With a 24-hour trading volume of $857.77 million, the Pi Network token has crashed by ~66%. With a circulating supply of 6.23 billion tokens and a maximum supply of 100 billion PI tokens, the project has a self-reported market capitalization of $4.3 billion.

The Relative Strength Index (RSI) continues to hover around the neutral point on the 1H timeframe. Furthermore, the moving average trendline records similar price action, indicating increased volatility in the crypto market.

Furthermore, the SMA indicator is on the verge of bearish convergence in the Pi coin price chart. This suggests a strong negative outlook for the altcoin in the near term.

Is Pi Coin Worth Anything?

Suppose a bullish reversal occurs, in which case, Pi Network price could retest the immediate resistance level of $0.75. Sustaining above that level could set the stage for the altcoin to aim for a higher price target of $1 this month.

Conversely, if bears prevail over bulls, Pi could retest the low of $0.50. Furthermore, if bearish sentiment increases, this could drag the price of the Pi token to a new all-time low (ATL) in the near future.

Are you wondering about the long-term price outlook of this viral altcoin, but worried about questions like “Is Pi Coin Worth It?” Read CoinPedia’s latest Pi Coin Price Prediction today to uncover the mysteries that could lie ahead until 2030!