Pi Network dey face palava as price no dey gree go up because of bad technical plus dem no transparent
Pi Network im cryptocurrency, Pi Coin (PI), dey face heavy bear-bear pressure, and technical indicators like negative Chaikin Money Flow (CMF) and bearish Exponential Moving Averages (EMA) don show am clearly. Di price don drop by 15% for di past week and e even drop another 5% to $0.67 recently, as selling pressure increase and volatility dey long, with market cap of $4.62 billion and 24-hour volatility of 7.1%. General market weakness, especially as US-China tariff palava dey rise, don still add to di bad vibes. Expert analysis, including from Dr. Altcoin, dey signal say dis down trend fit continue till late August, with PI fit fall reach $0.40 if Pi Core Team no improve project transparency. Di constant lack of transparency dey spoil investor confidence, and e dey make traders dey careful. If PI no see clear change and better disclose, di negative momentum fit continue. Traders suppose watch key support and resistance levels well-well and remain careful, as current technical outlook and market sentiment dey suggest big risk for more downside.
Bearish
All di technical signs, like CMF, EMA, and DMI, dey show say Pi Coin bearish momentum dey strong strong. Di price don fall well well and di market no stable at all, no sign say e go turn around soon. Di wahala wey US and China get with trade tax still dey add pressure to di market. Wetin dey even make am worse na say Pi Network main team no dey transparent, e dey make investors no trust dem, as experts like Dr. Altcoin don talk. If dem no clear with wetin dey happen or if di price no pass di strong resistance level, PI fit continue to fall, e fit even reach $0.40 for some time. Both how di chart dey look and di main reasons dey show say di risk of falling still high, so traders suppose dey careful.