Pi Network Faces 18% Drop in 48 Hours Amid Rising Bearish Signals

Pi Network has suffered an 18% decline over the past 48 hours, with technical indicators such as a low RSI and narrowing Bollinger Bands reinforcing a bearish market outlook. The price, currently at $0.613 and unable to break the $0.617 resistance level, remains vulnerable to further downward pressure. Analysts warn that if selling pressure continues and the support at $0.519 is breached, prices could potentially drop below $0.50. However, a reversal could occur if the coin regains its previous support and moves toward $0.710, potentially mitigating the negative trend. Overall, the sentiment is negative, and investors are cautious about the possibility of substantial further declines in the near term.