Why Did Pi Network’s (PI) Price Crash to a 3-Month Low Today?
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Pi Network's native token plunged roughly 10% to a multi-month low today, ending the recent price stability. The drop came despite only a relatively small number of tokens scheduled to unlock in the next few weeks, and analysts say losing a key support level raises the risk of further corrections and negative market impact for the crypto token.
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The price stability experienced for the past few days from Pi Network’s native token came to an end today as it slumped by roughly 10% at one point to a multi-month low.
This comes despite the relatively small number of tokens scheduled to be unlocked in the next few weeks. However, some analysts believe the asset is primed for another correction since it just lost a crucial support.
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