Pi Network (PI) price has dropped 5% in the past 24 hours, trading around $0.58 following a 20% surge and subsequent profit-taking.
The recent price gain from lows of $0.46 to highs of $0.66 was bolstered by overall bullish sentiment in the cryptocurrency market.
Despite the decline, Pi Network could benefit from integrating generative Artificial Intelligence (AI) and upcoming updates to maintain community enthusiasm.
Technical indicators suggest a potential downturn for PI price, with key levels to watch being below $0.56 for a drop to $0.46 or a break above $0.63 for a move towards $1. Risks include geopolitical tensions and macroeconomic factors.