Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors

The post Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors appeared first on Coinpedia Fintech News

Pi Coin’s price has dropped by more than 4% and is now trading at around $0.61. It’s currently moving sideways, stuck between resistance at $0.68 and support at $0.617. Technical charts, including the Ichimoku Cloud and RSI, show that the market is unsure about its next move.

There is a key resistance level at $0.706 — if Pi breaks above that, the price could quickly jump by 10%. Still, Pi Coin is down nearly 80% from its high earlier this year, making it one of the worst performers in the market right now.