Pi Network Faces Pressure as Price Drops Below $0.70, Resistance Stays at $0.7722

The native token of Pi Network, PI, is undergoing a severe downturn, with the price falling to $0.6795 according to the latest reports — marking an 11.6% drop in 24 hours. The decline has sparked a wave of concern within the global community of the project, many of whom are now questioning whether this downturn signals a larger collapse or is simply a market adjustment ahead of a potential change. Volatility increases as market sentiment fluctuates Currently, PI is being traded between the support level of $0.6622 and the resistance level of $0.7722, indicating that volatility has increased. Holders and experts seem uncertain about what will happen in the market. The sharp decline in the market has prompted the earliest cryptocurrency buyers, known as pioneers, to express their frustration online, ranging from doubt to anger. This emotional reaction highlights a deeper tension: the gap between long-term expectations and the current market reality.

An important update is expected to be included in the project's roadmap on June 28. Authorities have not yet disclosed specific details, but rumors are spreading and some investors remain confident that significant announcements will be made soon. At the same time, some critics argue that focusing too much on major events often does not sustain the company's value increase in the long term. Depending on the situation, the date may play a significant role or may not be very important. Structural weaknesses or market pressure? Experts believe that the overall fall of the cryptocurrency market may be the reason for this token's decrease rather than an issue within the project. Since PI has not been officially priced and is not traded on major platforms, public opinions about its value remain speculative. Due to this uncertainty, the price can be very volatile, especially during a time when altcoins are falling. On the other hand, because of the decentralized trading, sudden changes can easily occur. Traders are monitoring important support amid the ongoing uncertainty in PI. Although $0.7722 may be a short-term target, traders are paying more attention to any risks if the support level at $0.6622 is broken. Analysts are monitoring the number of transactions and what people are saying about it to decide whether the decline of PI could end or if it could still drop further. With no clear direction yet, cryptocurrency holders find themselves deciding whether to hold or move their money to avoid further losses. All attention is focused on the upcoming date, June 28.