Pi Network Crashes 32% in One Week Amid Heavy Sell-Offs

Pi Network has been in a persistent downtrend since early March, losing 32% of its value over the past seven days amid increasing selling pressure. The token is trading at $1.17, showing a minimal 1% rise over the past day; however, this modest uptick is not supported by strong buyer participation, as indicated by a 37% decline in trading volume. The negative BBTrend value of -32.45 on a four-hour chart further confirms the severe bearish momentum affecting the token. Investors are watching critical support at $1.11 closely; if sell-offs intensify, the price could potentially drop to $0.87. On the flip side, a sudden surge in market sentiment could trigger a rebound towards $1.34, although such a recovery appears unlikely in the current climate of weak demand and overall bearish pressure. This analysis reflects both immediate challenges and potential long-term volatility if buyer interest does not resume.