Elfreda Ramsy oFip

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Pi Network's mainnet unexpectedly experienced a 42% crash, investor confidence collapses!

The price of Pi Network (PI) IOU was severely hit before the upcoming mainnet launch, plunging 42% within 24 hours. This drop is primarily due to widespread skepticism in the market regarding its mainnet release and concerns about its possible involvement in pyramid schemes.

**Market Sentiment and Indicator Analysis:**

- The Relative Strength Index (RSI) indicates that PI's bearish momentum is strengthening, although the RSI remains above the neutral line of 50, the downward trend is evident.

- The Chaikin Money Flow (CMF) indicator has been continuously declining since the beginning of this month, indicating that the outflow of funds far exceeds the inflow, reflecting a serious lack of investor confidence.

**Price Prediction and Support Levels:**

- The current price of PI is $72; if it breaks below the support level of $63, it may further drop to $47.

- If it can rebound from the support level of $63, PI is expected to challenge the resistance level of $130, but the uncertainty of market sentiment makes this scenario difficult to achieve.

**Conclusion:**

The future trend of Pi Network is filled with uncertainty, and the skeptical attitude of investors along with market sell-off pressure may continue to suppress its price. Unless there is strong market support and a restoration of confidence, PI's path to recovery will be exceptionally difficult.

Pi Coin is about to be listed! Experts say: the listing price may be far below expectations, investors need to be cautious!

Hello everyone!

We have decided to be honest with the community about one thing: we sold 324 Pi at a price of $1.669 per Pi through a third-party P2P platform, while retaining 300 Pi for future use. Over the years, we have mined a total of 624 Pi and decided to sell half as a reward.

When it comes to the listing price of Pi Coin, many predictions suggest it will break through $100 or even $500. However, we want to remind everyone that reality may be harsher. Pi is expected to launch on some CEXs on February 20, but we have noticed many sell orders are already below $0.50. Depending on market supply and sentiment, the listing price may drop to $0.10 or lower.

This is just our personal experience and observation, and not financial advice. We always maintain transparency to ensure that everyone's trust in the project is not affected.

What do you think about the listing price of Pi Coin? Feel free to discuss in the comments!

Additionally, beware of fake Pi Coins on DEX, and ensure safety!

Argentina's Milei responds positively to the currency issuance event!
Look at this guy's true colors, speaking with righteous indignation!