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Pi Network (PI) Price Forecast: Bearish Pressure Grows, All-Time Low in Sight
Pi Network (PI) is facing increasing selling pressure, with the token eyeing a potential all-time low. As Pi Foundation offloads millions of tokens and centralized exchanges (CEXs) see rising deposits, the market sentiment remains heavily bearish.
Key Takeaways:
Current Price: $0.3220 (Targeting support at $0.3191)
CEX Deposits: Over 401 million PI tokens are now held on CEXs, signaling rising sell-off activity.
Pi Foundation's Action: The Pi Foundation sold 2.53 million tokens in the past 24 hours, indicating weakening confidence.
Technical Breakdown:
MACD: The MACD just flashed a sell signal, indicating further downward momentum.
RSI: At 25, PI is in the oversold zone, suggesting the bearish trend may continue.
Support Levels to Watch:
Immediate support: $0.3220
Stronger support: $0.3191 (S2 Pivot)
Critical low: $0.2372 (S3 Pivot)
Actionable Insight:
Sell if price breaks $0.3220 to protect against further declines.
Buy only if PI reclaims the $0.4000 mark, a crucial level for a possible recovery.
Stay tuned for live updates, and let us guide you through the market with our accurate signals. Join now to make smarter trades.
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