Pi Network: Value loss of over 70 % in less than a month - investors are wondering whether the hype is finally over

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Pi Network: Starker Kursverfall und abnehmendes Vertrauen Der Kurs der Kryptowährung Pi Network hat kürzlich einen drastischen Rückgang erlebt. Aktuell liegt der Wert bei etwa 0,90 US-Dollar, was einem Einbruch von über 23 % entspricht. Im Vergleich zum Wert von fast 3 US-Dollar am 27. Februar ist dies ein herber Rückschlag. Innerhalb von weniger als einem Monat hat die Coin somit auf ein Drittel ihres früheren Wertes verloren. Vom Hype zum Absturz Pi Network erlebte in kurzer Zeit einen rasanten Anstieg an Popularität, vor allem durch das Versprechen eines einfachen Mining-Modells, das über Smartphones realisiert werden kann. Diese vielversprechenden Aspekte …
PI Network: Strong course in price and decreasing trust The course of the cryptocurrency PI Network has recently experienced a drastic decline. The value is currently around $ 0.90, which corresponds to a break-in of over 23 %. Compared to the value of almost $ 3 on February 27, this is a bitter setback. The coin has lost to a third of its earlier value within a lesser than a month. From the hype to the crash Pi Network, a rapid increase in popularity experienced in a short time, especially through the promise of a simple mining model that can be realized via smartphones. These promising aspects ... (Symbolbild/KNAT)

Pi Network: severe price drop and decreasing trust

The course of the cryptocurrency Pi Network has recently experienced a drastic decline. The value is currently around $ 0.90, which corresponds to a break-in of over 23 %. Compared to the value of almost $ 3 on February 27, this is a bitter setback. Within less than a month, the coin has lost to a third of its previous value.

from the hype to crash

In a short time,

pi Network experienced a rapid increase in popularity, especially through the promise of a simple mining model that can be realized via smartphones. These promising aspects led to a positive mood among investors, which, however, now tilts. The quick loss of value of the coin is a sign of increasing profit from and dwindling confidence in the project.

drainage increases sales pressure

The chaikin Money Flow (CMF) illustrates the deterioration in the market situation. This week the CMF falls strongly towards the zero line, which indicates that the outflows increase. A drop in the indicator below zero would mean that more money is flowing out of Pi Network than investing - a clear bear's signal that increases the likelihood of further price losses.

technical indicators interpret on further decline

In addition, the relative strength index (RSI), a crucial indicator of the momentum of an asset, shows an alarming trend. The RSI approaches the oversized threshold of 30.0 and therefore points out that Pi Network - like many other old coins - is exposed to strong sales pressure. The general market mood remains weak, which makes a short -term recovery unlikely.

Without clear support zones or new trust of investors, Pi Network's course seems to decrease further. What started as a rapidly growing hype is now becoming a sobering reality for many investors.