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Pi Coin Lost 50% of Its Value in the Past Month – What to Watch Out For

  • Pi Coin has experienced a 53% drop in value in the past month, with the majority of the decline occurring in the first two weeks followed by stabilization.
  • After reaching a peak of $1.11 in mid-May, Pi Coin quickly fell below $0.70, settling around $0.55 by the end of May with minor fluctuations since then.
  • Despite showing signs of stability, the lack of upward movement indicates ongoing market uncertainty, with occasional volume spikes not enough to counter broader selling pressure.
  • Key points to monitor going forward include the stability of the support zone at $0.52-$0.55, breakout attempts above $0.60 with strong volume, and potential external catalysts like listings or ecosystem expansion.
  • Pi Coin's recent monthly loss highlights profit-taking and decreasing investor confidence, nearing a potential support level but requiring sustained support and positive market developments for confirmation.

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