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Pi Network Price Nears All-Time Low — Watch This Area for a Possible Reversal:
KEY TAKEAWAYS
⭐️Pi Network (PI) is less than 10% away from a new all-time low.
⭐️The Pi Network price has fallen by 86% since its all-time high.
⭐️Can PI mount a bullish trend reversal, or will it fall to new lows instead?
Pi Network (PI) is teetering on the edge of a new all-time low after shedding over 85% of its value since its peak.
Bearish momentum is gaining strength, and only the $0.40 support area is preventing the PI price from falling to a new all-time low today.
Let’s examine the charts and see if PI has any hope of a bullish trend reversal.
PI Price Analysis
The daily time frame analysis shows that the PI price has fallen under a descending resistance trend line since its all-time high in February.
The Pi Coin price fell to a low of $0.40 twice, in April and June, respectively. Both times it bounced, creating very long lower wicks (green icons).
#pi # btc #eth # usdt #gate # gate.io #gatelive # gateinfo #trending # latestnews #gaterewards