Pi Coin Faces Heavy Losses Amid Market Uncertainty
As migration issues continue, Pi Coin has suffered a sharp decline, dropping 16.3% this week and currently trading at $1.40. In the past 24 hours alone, it has seen a 12.2% decline. Despite this downturn, some analysts remain optimistic, pointing to the upcoming Pi Day on March 14 as a potential catalyst for a price rebound. Adding to the pressure, Pi broke below key support at $1.43, confirming a bearish trend, with the 50-day EMA at $1.74 now acting as a major resistance. If the downtrend continues, Pi could test support at $1.20 or even $0.99. To reverse momentum, it must reclaim $1.74. With ongoing market volatility and no confirmation from Binance, investors remain cautious about Pi’s short-term outlook.
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