{"id":1497,"date":"2025-03-28T16:04:00","date_gmt":"2025-03-28T16:04:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1497"},"modified":"2025-03-28T15:46:37","modified_gmt":"2025-03-28T15:46:37","slug":"pi-network-price-rebound-after-drop","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pi-network-price-rebound-after-drop\/","title":{"rendered":"Pi Network : Will PI Price Rebound After a Sharp 30% Drop ?"},"content":{"rendered":"\n

Hope of Liftoff Dashed for Pi Network Token<\/h2>\n\n\n\n

The PI<\/strong>, the cryptocurrency<\/a> developed by the Pi Network<\/strong>, was recently launched <\/strong>with high expectations. Seen as a unique opportunity to mine a crypto aligned with decentralization values, it quickly gained a significant base of enthusiastic users<\/strong>.<\/p>\n\n\n\n

However, reality quickly caught up with the hopes. In just a few days, PI plummeted<\/a> by nearly 30%<\/strong>. The token went from a peak of $1.11<\/strong> to only $0.78<\/strong>. Currently, it is trading around $0.82<\/strong>, close to its all-time low.<\/p>\n\n\n

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\"PI
Source: CoinMarketCap<\/figcaption><\/figure>\n<\/div>\n\n\n

According to analyst Investographer<\/em>, several factors explain this sudden descent<\/strong>. Firstly, the rejection by Binance<\/strong><\/a> to list PI <\/strong>was a hard blow<\/strong> for the community, which was hoping for strong visibility and liquidity through this listing.<\/p>\n\n\n\n

Furthermore, the lack of real decentralization<\/strong> in the project is being criticized. Unlike decentralized <\/a>cryptocurrencies, PI operates in a highly controlled ecosystem, limiting the liquidity and free circulation of tokens. Users cannot easily buy, sell, or transfer their PI, raising concerns<\/strong> about the project’s centralization<\/strong>.<\/p>\n\n\n\n

Possible but Uncertain Rebound<\/h2>\n\n\n\n

From a technical perspective<\/strong>, PI is approaching key support levels. The nearest is at $0.60<\/strong>, while a short-term support is around $0.77<\/strong>. If the price falls below $0.77, it could further drop towards $0.70 and even test the $0.60 threshold.<\/p>\n\n\n\n

On the upside, the major resistances<\/strong> are at $1 and $1.20<\/strong>. These levels will need to be surpassed to hope for a significant recovery. Technical indicators, like the Relative Strength Index (RSI<\/strong>), are currently in an oversold zone<\/strong>, reflecting the ongoing bearish phase.<\/p>\n\n\n\n

The future of PI<\/strong> will largely depend on the project’s ability to address decentralization and liquidity issues<\/strong>. If buyers regain control, PI could break resistance and climb to $1.22, or even $1.80 if the bullish momentum<\/strong> continues. However, if sellers dominate, the price could drop to $0.64, and a failure to hold could lead to a new all-time low<\/strong>.<\/p>\n\n\n\n

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Invest in the PI token with WEEX !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n