Pi Network’s (PI) Rally Comes to an End With Massive 10% Daily Drop

🚀 Pi Network's native token saw impressive gains, rising from $0.17 to $0.20, its highest price in over a month, driven by protocol upgrades and AI advancements.

📉 The rally faced a sharp reversal as bears pushed the price down, leading to a significant drop of over 10% and a market cap decline to $1.830 billion.

🔍 Analysts noted that the $0.20 resistance coincided with the 200-day moving average, creating a setup for long liquidations, while the token found support above the 100-day moving average, suggesting potential for a rebound if market conditions improve.