The post Pi Network Faces Declining Investor Confidence After 44% Drop Amid Binance Exclusion, Support Levels To Watch appeared on BitcoinEthereumNews.com.

Pi Network (PI) has plunged 44% over the past ten days due to Binance’s recent exclusion of the token from its listing, triggering substantial investor exits. The Chaikin Money Flow (CMF) has hit a historic low, indicating substantial outflows and a notable decline in investor confidence. Key support levels for Pi Network now stand at $0.92 and $0.76; reclaiming $1.19 may signal a recovery toward $1.43. Pi Network (PI) faces a significant downturn, with a 44% drop following Binance’s decision, raising concerns about investor confidence and future price stability. Investor Confidence Erodes in Pi Network The recent drop in Pi Network’s price reflects a broader trend of diminishing interest among investors. The Chaikin Money Flow (CMF), now at its lowest since the project’s launch, underscores the severity of this situation. This high outflow suggests a widespread lack of conviction, causing further declines and signaling that many investors are pulling away from the token. As investor sentiment deteriorates, the fear of additional losses leads to a compounded negative feedback loop, where declining prices prompt even more withdrawals. The significance of this trend cannot be overstated; a loss of trust often results in long-term challenges for a cryptocurrency’s market position. PI Network CMF. Source: TradingView An additional factor impacting Pi Network’s performance is the Relative Strength Index (RSI), which briefly rebounded from the oversold zone this week. While this rebound may hint at a possible reversal in sentiment, the absence of substantial growth raises questions about its sustainability. The underlying market pressures remain strong, suggesting that any recovery could be short-lived without significant changes in investor sentiment. PI Network RSI. Source: TradingView Challenges Ahead for PI Pricing Currently positioned around $1.00, Pi Network has experienced a significant decline of 44% over the last ten days. While the token has managed, for the…

---

Filed under: News - @ March 23, 2025 1:06 pm