Pi Network on the Brink of a Plummet: A Big Get Dumped May Come!

As turbulent days continue in the cryptocurrency market, Pi Network (PI) investors are in serious concern. PI, which has not been able to break out of the plummet trend for a long time, is once again heading towards its all-time low. Despite previous hopeful expectations, the continuous drop in price has seriously shaken investor confidence. While technical indicators also signal that the drop is gaining momentum, the formation of a new bottom level in the market seems inevitable.
ADX Indicator is Triggering Alarm: Bear Trend is Strengthening
Recent technical data clearly indicates that the selling pressure has increased. In particular, the ADX ( Average Directional Index ) exceeding the 25 level signals that the trend is strengthening. This situation suggests that a short-term recovery for the PI price will be difficult. The strength of this downtrend is causing investors to behave even more cautiously.
The continued rise of ADX indicates that the negative momentum in the market has become permanent. At this point, a large portion of investors is questioning the long-term potential. As buying interest decreases and selling pressure increases, it may trigger deeper losses for PI Network.
CMF Data Is Not Hopeful Either: Investor Interest Is Weak
The CMF (Chaikin Money Flow) indicator, which measures the inflow and outflow of Pi Network, also supports the pessimistic picture. Although there has been a slight increase in recent days, the indicator still remains in the negative zone. This situation clearly reflects that investors' interest in the token has remained low.
The limited recovery in CMF may be due to short-term buying activity. However, if investor confidence is shaken again, this increase could quickly reverse. If the outflows continue, the PI price may face a strong selling wave once again.
What Happens If the Pi Network Price Loses Support at $0.62?
Currently trading at $0.70, Pi is very close to its all-time low of $0.62. The altcoin has lost 12.8% in value over the last 24 hours and could not maintain the $0.87 level as support. This situation once again highlights the market's lack of confidence.
If the plummet continues and the $0.62 level is broken, the PI price could drop to $0.50. This also means a new ATL (all-time low). For an opposite scenario, investor interest needs to increase rapidly and the price needs to remain permanently above $0.87. However, this scenario currently seems quite weak.
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