Pi Network’s price has declined to a support level of 0.43 USD, reflecting a bearish technical outlook. An unknown wallet’s acquisition of 1.40 million PI tokens suggests robust confidence in the project, despite decreasing buying pressure.
With relative strength index (RSI) nearing 42 and MACD indicating potential trend reversal, Pi Network risks further declines if the support level fails. If the support holds, a bullish trend could revive above the 200-day EMA.
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