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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Pi Coin Price Prediction: Weak Recovery, No Trading Volume - Will Pi Coin Go to 0?
Pi Network has experienced one of the strongest bearish trends among cryptocurrencies valued over 1 billion dollars, with losses since the beginning of the year rising to 80% recently. Combined with a significant fall in trading volume, this supports the prediction that Pi Coin's price will fall. PI is the worst-performing asset among the top 40 cryptocurrencies over the past 30 days, with a loss of 26%, while other tokens with similar market capitalization such as Mantle (MNT) and Ondo (ONDO) have delivered gains of 53% and 16%, respectively. Data from CoinMarketCap shows that the trading volume of Pi has fallen sharply, from a recent peak of 140 million dollars on August 2 to only 43 million dollars yesterday. This 70% drop occurred as Pi reached a new all-time low of 0.335 dollars.
The recent bearish trend of Pi has accelerated at a time when most other cryptocurrencies are rising. This negative performance is the result of disappointing ecosystem growth initiatives, leading to dissatisfaction within the community. The delay in moving the tokens to the public mainnet and the Pi Core Team's failure to secure a listing on top CEXs has diminished the project's credibility and generated negative predictions about Pi Coin. Pi Coin Price Prediction: PI Seems to Be Testing the All-Time Lowest Level Again as Buyers Are Ready to Abandon The 4-hour chart shows that PI has broken the important trendline support level on August 1 with significant volume. During that specific 4-hour period, the price hit an all-time low of $0.3220. Although the price quickly bounced back from that level, it is gradually moving toward that area again and may soon test it again. Due to the lack of good news, it seems that nothing can stop PI from hitting a record low once again. The Relative Strength Index (RSI) has been hovering just above the 30 threshold, indicating that negative momentum is high. Even if the price rises from the level of $0.3220, the low trading volume indicates that buyers are little or not interested in purchasing tokens at this price level. Therefore, the price may need to fall further to find willing buyers. Only a surprise listing on a major exchange can save PI from the risk of falling to $0.10 or even lower at this time.