Pi Network price remains under intense pressure today, May 26, even as Bitcoin moved back above $110,000. The token trades at $0.7752, down by over 53% from its highest level this month, making it one of the worst-performing major coins. Pi Coin price is at risk of a big drop as investors move 2 million tokens to exchanges. Pi Network Price Technical Analysis Points to a Deeper Dive The eight-hour chart shows that the value of Pi has suffered a big reversal after soaring to a two-month high of $1.6692 on May 12. It has dropped by over 53% to the current $0.7773 even as Bitcoin hovers near its all-time high. Pi Coin has moved slightly below the 50-period Exponential Moving Average (EMA) at 0.7910. It has also formed a bearish flag chart pattern, which happens after an asset crashes and then consolidates or moves upwards in a channel formation…. Read More at Coingape.com
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