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Pi Network (PI) Price Analysis - 24 Hour Movement

Current Price & Change

Pi Network is trading at $0.2032, down 0.87% over the last 24 hours.

Market Metrics

• Market Capitalization: $1.70 billion
• Trading Volume (24h): $12.32 million
• Available Supply: 8.38 billion PI
• Fully Diluted Valuation: $2.62 billion

Price Movement Context

The 24-hour decline of 0.87% represents a modest pullback. The broader weakness is evident in the 7-day performance, which shows a 2.63% decline over the week. Intraday volatility is also present, with a 0.55% decline recorded in the last hour.

Market Observations

The trading volume of $12.32 million relative to the market cap of $1.70 billion indicates moderate liquidity. The gap between market cap and fully diluted valuation ($918 million) suggests significant dilution potential as additional tokens enter circulation.

Without access to real-time news or specific catalyst information, the modest 24-hour decline appears consistent with broader market conditions rather than a coin-specific negative catalyst. The price movement falls within normal daily volatility ranges for mid-cap cryptocurrencies.

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Pi Network (PI) Technical Analysis

Current Price Action

• Current Price: $0.2032
• 24-Hour Change: -0.87%
• 7-Day Change: -2.63%
• 1-Hour Change: -0.55%

Market Metrics

• Market Cap: $1.70 billion
• Trading Volume (24h): $12.32 million
• Available Supply: 8.38 billion PI
• Fully Diluted Valuation: $2.62 billion
• Circulating/Total Supply Ratio: 65%

Key Support Levels

• Primary Support: $0.1950 (recent consolidation floor)
• Secondary Support: $0.1850 (psychological level)
• Tertiary Support: $0.1750 (extended downside target)

Key Resistance Levels

• Immediate Resistance: $0.2100 (recent swing high)
• Primary Resistance: $0.2200 (psychological barrier)
• Secondary Resistance: $0.2350 (intermediate-term target)

Technical Observations

Trend Analysis

• Short-term Trend: Bearish bias with consecutive daily losses
• Price Structure: Lower lows and lower highs pattern forming
• Momentum: Negative across all timeframes (1h, 1d, 7d)

Volume Assessment

• 24-Hour Volume: $12.32 million relative to market cap indicates moderate liquidity
• Volume Trend: Declining momentum suggests weakening buying pressure

Chart Pattern Considerations

• Downtrend continuation pattern evident
• Price testing support levels with potential for consolidation
• Risk of further downside if $0.1950 support breaks

Short-Term Outlook

Bearish pressure persists with price below key moving average zones. Watch for stabilization at $0.1950 support level. Break below would target $0.1850.

Medium-Term Outlook

Consolidation phase likely between $0.1850-$0.2200 range. Recovery would require sustained volume above $0.2100 resistance with confirmation of reversal patterns.