Insights

Pi Network continues to struggle as its negative momentum persists, with worsening market conditions. The Chaikin Money Flow (CMF) remains below zero, indicating ongoing outflows as investors move funds out of Pi Network. Despite a positive start, interest has faded, leading to sell-offs. The bearish sentiment and lack of positive momentum suggest a prolonged downtrend. Currently priced at $0.61, Pi Network has hit a new low of $0.60, reflecting a 14% drop in 24 hours. With bearish technical indicators and outflows, Pi Network may continue to decline, potentially reaching $0.50. However, if it holds above $0.60, there may be a chance for a recovery to $0.87, but without a significant catalyst, further upward movement seems unlikely.