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📢🚨Pi Network Price Prediction: Sharp Decline Approaching Critical Support Line 📢🚨
✅Pi Network is falling on Friday, marking the third consecutive bearish candle and approaching a critical support line.
✅On-chain data shows an increase in CEX reserves, exposing them to further selling pressure.
✅Technical analysis indicates short-term risks as the MACD indicator signals a sell.
✅Pi Network (PI) is dropping for the third straight day on Friday, nearing a local support line. On-chain data points to increasing supply pressure as centralized exchanges (CEX) are seeing rising inflows. From a technical perspective, the decline in PI exposes it to further losses as the moving average convergence divergence indicator (MACD) is signaling a sell.