Crash Alert: Pi Network Price Faces Gravity Like a Flailing Spacecraft! 🚀🌌

by

Well, darlings, it seems like Pi Network is having a bit of a meltdown right now. Talk about a rollercoaster ride! 🎢 The poor little thing has plummeted a staggering 30% in just a month, falling below the $1 mark faster than my ability to resist chocolate! 🍫 Now it’s flirting with the $0.9 support level while Bitcoin and other altcoins have decided to trot off on a little recovery adventure. 🎈

Back in February, Pi Network was riding high, cruising at around $2.98 before it decided to take a nosedive like it was auditioning for a talent show on gravity. Sadly, when its mainnet launched, it didn’t live up to the hype, kind of like that new diet that promises to make you skinny, yet all it does is make you cranky and craving fries. 🍟

Mark your calendars, folks! On February 20, 2025, Pi hit rock bottom at $0.6152—a jaw-dropping 72.61% drop from its peak. Shocking, right? The market’s uncertainty is thicker than my Aunt Doris’s Thanksgiving gravy—totally unstable despite some signs of life. 🙄

So, What’s Causing This Pi Party to Crash? 🎉

Here’s the scoop: over 99.3 million Pi tokens are about to be unleashed like a gaggle of geese gone wild! 🦢 That’s a whole lot of Pi entering circulation at a dizzying pace of 3 million tokens daily for the next month! Watch out, wallets!

And don’t even get me started on April 3rd—the market’s about to get a tsunami of 6.8 million tokens. Bring on the panic and possible sell-offs from all the skittish treasure hunters! 🤷‍♀️

Oh, and let’s not forget: Pi Network missed the big leagues—no Binance or Coinbase limelight for you! 🚫 While it’s popular in South Korea, major exchanges seem to have ghosted Pi like an ex refusing to return your calls. Ouch!

The holders? They’re sweating bullets over the tokenomics since the Pi Foundation has hoarded a hefty slice of the supply pie (pun intended!). Panic sells are practically a sport now. 😱

Is There a Light at the End of This Pi Tunnel? 💡

As for the $PI value, it’s been all over the map lately—like that friend who can’t decide on a restaurant. Right now, it’s wrestling with a $0.8304 support level after dropping down from its regal throne of $1.00. Talk about identity crisis! 👑 The value is stuck in a consolidation rut, teetering between $0.70 and $1.00.

The MACD chart is screaming “bearish” at the moment—both lines are playing the game below the zero threshold. The RSI is dragging along at 32, teasing that Bitcoin might be ready for a dramatic oversold comeback. Come on, BTC, we believe in you! 🐻

The PI price is still fighting off resistance at its current support levels. If it can hold onto that $0.70 sweet spot, who knows? It might just bounce back up to $1.00, frolicking happily through the market. If it fails? Well, let’s not think about that. A potential plunge to $0.50 looms in the shadows like a monster under the bed. 👻

Read More

2025-03-26 23:10