🚨📢🔥Pi Network Price Predictions: #pi 🚨📢🔥
♦️♦️Bearish outlook with increasing supply pressure on centralized exchanges (CEXs)
✅The Pi Network faces the risk of falling below $0.2200 as it continues to decline below the 50-day exponential moving average.
✅Rising reserves on centralized exchanges amid increasing migration to the mainnet indicate increased supply pressure.
✅The technical outlook for the Pi Network remains bearish, targeting $0.1919.
✅The Pi Network (PI) continues to trade below the 50-day exponential moving average, trading near $0.2200 at the time of publication on Monday. The mobile mining cryptocurrency faces further loss risks as supply reserves on centralized exchanges (CEXs) rise amid a sharp increase in token migration to the mainnet. The technical outlook for the PI token highlights that the path of least resistance is downward.
