PI COIN PRICE: THE ULTIMATE CRASH COURSE 🚀💸

Oh joy, oh rapture! The Pi Coin price has tanked 5% in the last 24 hours, now trading at a whopping $0.923. I mean, who needs a steady income when you can have a cryptocurrency that’s as stable as a house of cards in a hurricane? 😂

But wait, it gets better! The daily trading volumes have crashed 30.56%, slipping under $200 million. I’m no expert, but I’m pretty sure that’s a fancy way of saying “nobody’s buying this thing anymore.” 🤑

The PI token unlocks and movement to centralized exchanges (CEXs) have led to the current selling pressure. You know, the usual suspects: people trying to make a quick buck and ending up with a bag full of worthless coins. 🤑

Over the last seven days, the Pi Network native crypto Pi Coin has corrected 22% after it failed to breach past $.120 levels multiple times. I’m starting to think that the Pi Core Team (PCT) should just give up now and admit defeat. 😂

But no, they’re still trying to hold on to the $1 mark. Good luck with that! With nearly 8 million PI tokens moving to centralized exchanges (CEXs), it’s like trying to hold water in a leaky bucket. 🤣

According to market analysts, the PCT must take urgent action to stabilize the token’s value. A proposed solution involves burning 60 to 100 million coins from the circulating supply in the coming days to prevent further price depreciation. Because, you know, burning money is always a good idea. 🤑

On the other hand, the total number of PiCoins held on CEXs has surged to over 338 million. This has further led to concerns about increased sell-offs and price volatility in Pi Network. I’m starting to think that the only people who still believe in Pi Coin are the ones who are still holding onto their worthless coins. 😂

But wait, there’s more! A recent TradingView chart by Coinvo reveals a sophisticated trading pattern for the PI/USDT trading pair on Bitget, highlighting a potential “Triple ZigZag” formation that suggests a possible market trend reversal. Because, you know, a fancy chart is all you need to make a fortune in cryptocurrency. 🤣

This 8-hour chart shows an Elliot wave analysis. This coupled with the “Triple ZigZag” chart specifically shows a series of corrective waves (labeled A, B, C) with the most recent waves suggesting a potential upward momentum. I’m no expert, but I’m pretty sure that’s just a fancy way of saying “we have no idea what’s going on.” 🤔

Coinvo noted that as Pi Network’s Pi Coin price flirts around $0.9512, there’s a potential price appreciation happening in the coming weeks. Another market analyst TraderFy has shared a bold prediction for $PI eyeing a major breakout. “$PI is about to explode! A massive falling wedge breakout is inevitable,” he wrote sharing that the immediate price targets are $2.00529 and $2.38466. Because, you know, a guy who’s never been right about anything in his life is now a cryptocurrency expert. 😂

2025-03-25 11:48

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