The price of Pi Network (PI) has fallen sharply, dropping more than 20% in the last 24 hours, dropping below $0.90 on OKX. Once a hot project, Pi Coin has lost momentum, falling from recent highs of over $3.00, leaving investors at a loss for answers. So, what's behind this sudden drop, and can PI recover?

Why is the Pi network crashing?

The reason for the Pi network’s price continuing to fall can be attributed to uncertainty, selling pressure, and broader market weakness. One of the biggest concerns is that Pi remains in a closed mainnet with no clear timeline for a full launch, leaving investors frustrated by delays in exchange listings and ecosystem development.

Pi fell from $3.00 to below $0.90 as many early holders abandoned their positions due to a loss of confidence. Adding to the turmoil, Bitcoin’s rapid pullback from $87K to $83K has weakened sentiment in altcoins, with speculative assets like Pi Network feeling the most heat. Pi remains vulnerable to further declines.

*$Pi network chart analysis-

Current Price: $0.89, struggling to hold the key support level.

Resistance Levels:

$1.20 – immediate hurdle; reclaiming it could lead to a short-term correction.

$1.50 – $1.80 – strong resistance area from previous bounce.

Support Levels:

$0.80 – crucial support; breaking below could lead to a deeper sell-off.

$0.60 – next key level if downward momentum continues.

MACD Indicator: Bearish crossover, indicating continued downward pressure.

Final Conclusion – Can Pi Network Resurface?

The future of Pi Network remains uncertain, as investors are losing confidence due to the prolonged delay in the mainnet. If Pi returns to $1.20, we could see a short-term bounce, but if the price drops below $0.80, a decline towards $0.60 or even lower is possible. Until Pi’s mainnet goes live, speculation will continue to fuel extreme volatility – making it a high-risk, high-reward bet for traders.

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