The price of Pi Network’s token, Pi has recently experienced major selling pressure, dropping by 4% to $1.45. This decline came after a brief period of excitement when the coin surged by 20% to $1.70 but later corrected. Despite this setback, new developments, such as the launch of Pi domains, have sparked renewed interest, leading many to believe that PiI could once again push above $2 in the near future.
The support level for Pi is currently at $1.20. If the price drops below this level, it could signal further declines. On the other hand, the resistance level is around $1.90. A breakout above this point could trigger bullish momentum, with $3 being the next major target.
