PI Network’s 25% Drop Sparks Fears of Resuming Prolonged Downtrend

PI’s price has plummeted by 25% over the past 24 hours, marking a sharp decline just one day after the launch of its $100 million startup fund, Pi Network Ventures. Despite this major initiative, the market response has been lackluster, raising concerns about the PI token’s short-term price trajectory. PI’s Rally at Risk Amid Growing Bearish Control The PI/USD one-day chart readings suggest that this decline may not be over. As of this writing, PI’s price is on the verge of dipping below its 20-day Exponential Moving Average (EMA), an indicator of a sustained bearish trend source: https://beincrypto.com/pi-token-25-drop-sparks-fears/