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The Pi Network price has plunged 8% in the last 24 hours to trade at $0.6102 as of 7:00 a.m. EST on an 89% pump in trading volume to $329 million.
Pi Network Price Struggles At Key Support As Bearish Pressure Continues
The PI/USDT pair is currently trading at $0.6102, with a high of $0.61273 and a low of $0.60816. The price has shown a 0.24% increase in the last hour, but the overall trend remains bearish. The chart reveals a descending triangle pattern, which previously acted as a consolidation phase before a breakdown.
The lower boundary of this pattern provided temporary support, but it was eventually breached, leading to further price declines. Multiple Break of Structure (BOS) points are evident, confirming that the market is forming lower highs and lower lows, which is characteristic of a sustained downtrend.
PIUSDT Analysis Source: Tradingview
A key support level is marked around $0.610, where the price is currently consolidating. If this level holds, a potential rebound could occur. However, failure to maintain support could lead to a further drop towards $0.550, which appears to be the next major demand zone.
Struggles Below $0.650 As Oversold Conditions Persist
A bearish order block (OB) is also visible near $0.650, which could act as a resistance level in case of any upward retracement. Buyers will need to overcome this zone for a possible trend reversal.
The Relative Strength Index (RSI) is at 20.54, signaling oversold conditions. This indicates the possibility of a short-term bounce or consolidation, but without strong buying pressure, recovery may be limited. If buyers step in, the PI price could test $0.650, but failure to reclaim momentum could result in further selling pressure.
Looking ahead, if bulls defend $0.610, a potential relief rally to $0.650 may occur. However, if selling pressure persists and the Pi network price breaks below support, the next bearish target is $0.550.
BTC Bull Token Presale Races Toward $5 Million – Best Crypto To Buy Now?
While the Pi Network price continues to dump, investors seeking potential gains may find BTC Bull Token (BTCBULL) to be a compelling option.
BTC Bull Token is a Bitcoin-themed meme coin that will reward its token holders as the largest crypto by market cap soars to new heights.
Multiple crypto experts have stepped forward to share their bullish predictions for the new meme coin. Among them is a crypto analyst and YouTuber Alessandro De Crypto, with over 14.4K subscribers, who predicts substantial potential gains for the token once it launches
BTC Bull Token is designed to celebrate and support Bitcoin’s journey to $1 million per coin. As BTC’s price soars, the project will airdrop free Bitcoin to its token holders and execute a series of BTCBULL token burns at certain price milestones.
According to the project’s website, token holders using Best Wallet will receive free Bitcoin airdrops starting when Bitcoin reaches $150K, with additional airdrops for every $50K increase thereafter.
Meanwhile, the first token burn will happen when BTC’s price reaches $125K for the first time. Every $25K increase after that will also remove tokens from the supply permanently. The BTC airdrops and BTCBULL token burns could lead to a skewed demand and supply ratio for BTCBULL.
BTCBULL has breached the system. Bitcoin is here to stay. ⚡ $CTX $PRQ $SPA pic.twitter.com/1ri7pxPFD8
— Nadeem632 (@Nadeem6321) February 24, 2025
As investors rush to buy the meme coin to receive free Bitcoin, the reduced supply will likely amplify the upside pressure on the crypto’s price. Therefore, not only does BTCBULL present an opportunity to receive BTC, it is itself a crypto gem that could surge.
Interested investors can acquire BTCBULL for $0.002445 apiece via the buy widget on its website using either crypto or bank card. BTCBULL tokens can also be staked in the project’s presale staking pool, which offers a 95% APY.
Anyone looking to get the best deal will want to buy before the next presale price increase in less than 3 days.
Check out BTC Bull Token on its official website.
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