• Pi Network’s token has dropped 35% to a new all-time low of $0.40, despite initial hype after its long-awaited launch
• Broader crypto market weakness and lack of strong recovery momentum have weighed heavily on $PI since its February ATH of $2.84
• While short-term performance is weak, analysts project long-term growth

Despite initial enthusiasm following the long-anticipated launch of its token, the price of Pi Network has crashed 35% to hit its all-time low (ATL). That said, the losses are part of the wider cryptocurrency market downturn that has seen other digital assets decline, too.

Since it started to demonstrate mixed signals with short-term bearish trends about a week ago, $PI has continued to drag its feet. Today, it dropped to $0.40 in a matter of hours, or before slightly recovering again, according to the most recent chart data from TradingView.

Notably, Pi Network’s price movements were largely steady, if unimpressive, since the token’s all-time high (ATH) of $2.84, reached on February 27 this year, just a few days after its long-awaited release. A brief sign of recovery appeared on May 12, when $PI hit $1.522, but it was soon hit by harsh …

The post After a 35% Crash, Is Now the Time to Be Bullish on Pi? Analysts Weigh In appeared first on Coin Edition.

• Pi Network’s token has dropped 35% to a new all-time low of $0.40, despite initial hype after its long-awaited launch
• Broader crypto market weakness and lack of strong recovery momentum have weighed heavily on $PI since its February ATH of $2.84
• While short-term performance is weak, analysts project long-term growth

Despite initial enthusiasm following the long-anticipated launch of its token, the price of Pi Network has crashed 35% to hit its all-time low (ATL). That said, the losses are part of the wider cryptocurrency market downturn that has seen other digital assets decline, too.

Since it started to demonstrate mixed signals with short-term bearish trends about a week ago, $PI has continued to drag its feet. Today, it dropped to $0.40 in a matter of hours, or before slightly recovering again, according to the most recent chart data from TradingView.

Notably, Pi Network’s price movements were largely steady, if unimpressive, since the token’s all-time high (ATH) of $2.84, reached on February 27 this year, just a few days after its long-awaited release. A brief sign of recovery appeared on May 12, when $PI hit $1.522, but it was soon hit by harsh …

The post After a 35% Crash, Is Now the Time to Be Bullish on Pi? Analysts Weigh In appeared first on Coin Edition.