The recent price drop in Pi Network (PI) has resulted in the token trading at 1.41 USD after a 22.5% decline within a single day. Despite 86% support from nearly 295,000 voters in a Binance community poll for its listing, Binance has yet to officially announce any action.
Technical indicators show a bearish trend for PI, having breached critical support at 1.43 USD, with strong resistance now at 1.74 USD. The market sentiment remains cautious, considering regulatory compliance and security before further developments.
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