The PI network is once again making titles – but not for the reasons that its community hoped. Migration problems are always disturbing, and the price of the PI room has dropped sharply since its previous summits.
Pi Network is currently negotiated at $ 0.65 and is in the red. The part has dropped 11% in the last seven days and has been stuck in a downward trend, going from $ 0.6549 and remaining below the EMA 50. For the moment, the support at $ 0.6494 is holding, which is an important level to monitor.
Right up, the resistance is $ 0.70 and $ 0.80. The RSI is 40 years old, which means that the part is close to the occurrence area. This could soon arouse a purchase interest.
Is it a good deal at $ 0.64?
Not everyone is lower. Some analysts see the current price as an opportunity. Crypto researcher Kim Wong called $ 0.64 a “good business area”, reminding subscribers that PI reached $ 3 and is now classified 28th worldwide by capitalization. He argued that if 80% of the first users had abandoned the project, the remaining 20% begin to benefit as the network stabilizes slowly.
Wong explained that more users finish their kyc and their transfer tokens to personal wallets, the supply in circulation will tighten. Combined with the new venture capital fund of $ 100 million from the PI team and potential partnerships, this could open the way for future growth.
Despite short -term challenges, cryptographic analysts always trust the long -term PI potential. If trading volumes are increasing, new decentralized applications (DAPP) are launching on the Mainnet and large exchanges like Binance or Coinbase List Pi, this could trigger a strong rally.
However, concerns remain concerning transparency, governance and delays in the project in migration processes. These problems have maintained the feeling of prudent investors and without major improvement soon, the PI price could continue to fight.
