#PI PI Network at a Crossroads: Deeper Correction or Strong Rebound?

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Pi Network (PI) is currently trading around $0.637 after dipping to a low of $0.625. Selling pressure is becoming more evident as buying volume weakens and capital appears to be exiting the market. Meanwhile, the order book shows significant buy orders accumulating below $0.5, indicating that many investors are positioning to scoop up PI at lower price levels.
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From a technical standpoint, if the $0.6 support fails to hold, PI could extend its decline toward $0.575 or even $0.546. The ADX indicator rising above 20 and the negative CMF signal support the likelihood of a short-term bearish trend. However, if the price manages to bounce and break through the $0.684 resistance, a recovery toward $0.714 could be in play.
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This is a critical moment for both long-term holders and short-term traders. Will PI break lower to enable broader token distribution, or is it gearing up for its next rally? One thing is clear—the current price action of PI demands close attention.
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