The Pi Network price drops by 15%
By 15% in 24 hours due to significant sell-offs and profit-taking by investors, pushing the price close to $1.18.
The Chaikin Money Flow (CMF) and the Relative Strength Index (RSI) indicate a bearish sentiment, with outflows dominating and the RSI nearing the oversold zone.
If the Pi Network fails to reclaim $1.19 as support, the price could drop to $0.92, indicating a deeper retracement and increased selling pressure.