Will PI Plummet to $0.30? The 4-Week Drama Unfolds! 🚨

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In the strange theater of digital whims, Pi Network [PI], that charmingly fickle gem, plummeted—oh, how it fell! A staggering 20.37% in a mere 24 hours—enough to make even the most stoic investor ask if the moon is now just a distant memory. This dire nosedive dares to threaten to wipe out the entire month’s triumphs, leaving only a mere 14% jiggle in May’s performance.

PI loses key market support — And the plot thickens…

Using the venerable Bollinger Bands—a fancy indicator that makes traders behave like caffeinated squirrels—analysts observed PI slipping beneath what should have been its safety net. The middle band, that supposed bastion of hope, has been crossed like a rebellious child, signaling that the selling hysteria is not only real but potentially unstoppable. It seems PI is headed south, towards the lower band, where trouble—or perhaps opportunity—awaits.

Market chart showing PI's decline

That elusive support at $0.3112, once the steady hand in the storm, now looks more like a dying ember—its hold slipping as PI eyes the abyss at $0.30 or even lower. A further 56% slide from recent peaks—what a charming prospect to dream about, eh?

What’s the tendency for the fall? A tragicomic ballet

The sinister Accumulation/Distribution (A/D) indicator reveals a market in reckless abandon—sellers tossing shares like confetti, demand nowhere to be seen, as if Pi is a hot potato nobody wants to hold! The momentum is so bleak that PI might dip below its historic lows—tick-tock, the doom clock is ticking.

Distribution indicator graph

Meanwhile, the Average Directional Index (ADX), that marvelous marker of market’s mood, screams high pressure—more selling than buying, as if market sentiment has turned into a punchline. Should this high-pressure trend continue, PI is scripting a dark comedy: a descent to the lowest abyss, where only the bravest or most foolish dare to tread.

Traders’ handbags are shrinking — Panic at the futures parade

Their wallets echo the somber tune: Open Interest on PI Futures dwindled—down to a modest $4,000—which suggests a mass exodus of contract-holders clutching their profits or losses, rather than their hopes. It’s a market cauldron bubbling over with selling frenzy; everyone’s rushing out of the door faster than you can say “margin call.”

Futures open interest graph

Hence, as the market space empties and indicators align like a corny conspiracy, the most plausible and dramatic toast is that PI’s journey down will continue, aiming ominously for the fabled $0.30—possibly the new picnic spot for profit mourners everywhere.

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2025-05-18 01:13