Pi Network Price Drops 10% Ahead of Pi Day Celebrations
The Pi Network price has dropped 10% recently, reversing a prior 20% increase that briefly pushed it above $1.70 on March 12. Currently, the price is at $1.54, with market capitalization below $11 billion.
- Traders are bearish ahead of Pi Day, facing rejections at $1.70 for the third consecutive day.
- Negative futures funding rates indicate more participants hold short positions.
- Investors must complete KYC and mainnet migration by March 14 to avoid losing most of their balance.
- Technical indicators show potential for further price declines, with MACD nearing a bearish crossover.
- Users report issues with forfeited Pi Coins, claiming unverified balances were reverted without notice.
- If the price declines further, it may reach $1.43; however, leveraging social media buzz could help surpass $1.98 resistance.