Summary
- It was reported that the price of Pi Coin is plummeting due to a slowdown in buying pressure.
- Pi Coin recorded a decline of 8.13% to $0.8638, indicating a deepening downward trend.
- The On-Balance Volume (OBV) indicator recorded -845.93 million, marking an all-time low.
Pi Network (PI), commonly known as 'Pi Coin', is experiencing a deepening decline. It is analyzed that the slowdown in buying pressure is the cause.
As of 9:26 AM on the 26th (KST), Pi Coin is recording a sharp drop of 8.13% to $0.8638 according to CoinMarketCap.
BeInCrypto analyzed that the decline in Pi Coin is due to decreased buying pressure. According to the On-Balance Volume (OBV) indicator, which shows the buying and selling pressure of virtual assets (cryptocurrencies), Pi Coin's OBV recorded an all-time low of -845.93 million. This is a drop of over 2000% compared to early March.
Uk Jin
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