Pi Network price retreated during the weekend after the developers extended the KYC verification deadline and as most cryptocurrencies dropped. The Pi coin has now retreated by 52% from its October highs. Let’s explore whether the coin has room to bounce back to $100 after this crash.
On the daily chart, the Pi Coin value has dropped below the lower side of Andrew’s pitchfork tool, signaling that bears are in control. It has also dropped below the key support level at $49.88, its highest swing on July 13.
