Market Meltdown: Pi Network’s Tragic Tale of Tokens and Tumbling Prices

Oh, dear reader, gather ’round and lend me your ear, for I bring tidings most disheartening from the realm of the Pi Network. It appears that the price of our beloved tokens has taken a nosedive, plummeting for three consecutive days, now hovering near depths so profound they would make even the most stoic philosopher weep.

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The daily chart reveals a tale of woe, chronicling how the Pi Coin price has nosedived since its mainnet launch in February. It has breached the crucial support level at $0.1537, forming a double-bottom pattern-a technical analysis term that sounds rather optimistic, doesn’t it?

The coin now dwells in the lower realms of the Bollinger Bands tool, a sure sign that the bears have taken control. The Average Directional Index has surged to 70, a signal that the downtrend is gathering momentum like a runaway carriage careening down a hill.

Thus, it seems likely that the coin will continue its downward trajectory, as the bears sharpen their claws and set their sights on the next key support level of $0.100. However, should the coin magically ascend above the resistance level at $0.1537, we might just witness a stunning plot twist worthy of a grand novel.

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2026-02-11 21:01