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Is There Hope For PI Network?

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The Price of the notable altcoin PI network has since seen a downtick of 80.86% since lunching and listing on major CEX like Kucoin, GateIo, OKX, etc. as per data from CMC.

The altcoin has lost the psychological $0.66 resistance zone forming a support or baseline at the $0.33 price range. with increasing selling pressure, PI might experience further price dip to the $0.20 price point eventually leading to a deja vu to the $0.60 price point.

Possible factor to present price degradation is the dip in BTC's price that most coins follow suit, and PI wasn't an exception.

PI is currently oversold as hinted by the data from Trading view. the altcoin has an RSI of 20 which entails weak momentum and possible chances of a market turnaround.

What Is Pi Network?
Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem.

Pi Price Data
The Pi price today is $0.346618 USD with a 24-hour trading volume of $174,236,091 USD. Pi is down 14.58% in the last 24 hours. The current CoinMarketCap ranking is #38, with a market cap of $2,692,698,184 USD. It has a circulating supply of 7,768,487,700 PI coins and a max. supply of 100,000,000,000 PI coins.

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