Will Pi Network price drop back to $0.15 as it forms bearish divergence?
The post Will Pi Network price drop back to $0.15 as it forms bearish divergence? appeared on BitcoinEthereumNews.com. Pi Network price remained under pressure on Monday as weakening momentum indicators and growing concerns surrounding upcoming token unlocks raised the risk of another decline toward the $0.15 support zone. Summary Pi Network price traded near $0.173 after failing to sustain its recovery from March highs around $0.30 amid weakening market momentum. Upcoming Pi token unlocks and increasing circulating supply have raised concerns about additional selling pressure in the near term. Technical indicators, including a bearish MACD divergence and Supertrend sell signal, suggest PI could retest support near $0.15 if current weakness persists. According to data from crypto.news, Pi Network (PI) traded around $0.173 at press time on May 11, struggling to sustain the recovery attempt seen late last month. The token has now fallen sharply from its March peak near $0.30 and continue