Although most of the cryptocurrency market has turned red today, some altcoins are taking the storm worse than others. This is typically true for Pi Network’s native token, and today is no exception.
The asset has plummeted by 9% in the past 24 hours and has come painfully close to breaking below $0.07, which would mean a fresh all-time low.
Looking at PI’s price performance, you can easily quote one of the most recognizable songs of all time, which was immortalized from the TV show Friends. It just hasn’t been PI’s day, week, month, or even a year. Aside from a few impressive but very brief pumps, such as the one in March that sent the asset to $0.30 within days, the bears have been in total control, pushing it to a new low after a new low.
The last example came precisely two weeks ago. At the time, PI had broken below the crucial $0.10 support and went into price discovery territory (but on the wrong side). It kept plunging until it finally found some support at $0.07, but only after it had charted a new all-time low.
Although the bulls reemerged at this point and helped it recover some ground to $0.10 in the following 10 days or so, the overall bearish sentiment remained high, and the inevitable transpired. PI was rejected once again, plummeted to $0.08, and after a few days trading above that line, it broke below it in the past 24 hours.
Hours ago, the asset tanked below $0.074, coming about 5% away from its ATL. Although it has rebounded slightly to over $0.075 now, it remains deep in the red daily (-9%) and weekly (-19%).
Even before PI’s nosedive to $0.074, popular analyst Ben (co-founder of BSCNew) commented that the sentiment around the asset remains “as washed out as I have seen it.” And all of that comes despite the continuous updates, redesigned apps, and protocol upgrades delivered by the Core Team.
As such, Ben commented that his position is still unchanged as he cares about “shipping cadence more than the weekly candle.” And, he concluded that “the cadence is accelerating.”
Other accounts dedicated to covering Pi Network news, such as Pi Town, are also supportive of what the team is doing, and seemingly remain unfazed by the overall price calamity of the native token.
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小靓分析：
🦊 小靓解读
Pi Network 的 PI 代币正逼近历史低点 $0.07，24 小时内跌超 9%，市场情绪极度悲观。这种“洗盘式”下跌表明多头力量已完全衰竭，短期内难以看到反转信号。
📊 市场影响
PI 的持续阴跌会进一步打击持有者信心，可能引发恐慌性抛售，加速跌破 $0.07 关口。除非出现重大利好（如主网上线或交易所上市），否则中短期内价格大概率在 $0.06-$0.08 区间弱势震荡。
💡 操作建议
建议持有者设好止损，若跌破 $0.07 可考虑减仓避险。不建议盲目抄底，等放量阳线或企稳信号出现后再做决定。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。