As the cryptocurrency market continues to evolve, Pi Network is currently facing a challenging period marked by significant price declines and investor concerns. As pointed out in the source, it is important to note that with the looming date of October 1, 2025, traders are closely monitoring the coin's performance amid fears of further downturns.
Bearish Flag Pattern and Price Decline
In recent months, Pi Network has formed a bearish flag pattern, indicating potential further declines in its price. The coin has fallen below crucial support levels, notably the key threshold of 0.3300, raising alarms among investors. This downward trend is exacerbated by high inflation rates linked to substantial token unlocks, which have flooded the market with new supply.
Concerns Over Centralization and Long-Term Viability
Additionally, the centralization of the Pi Foundation, which holds billions of tokens, has sparked concerns about the coin's long-term viability. Analysts are cautioning that if the bearish trend continues, Pi Network could experience a significant breakout, potentially plummeting to the psychological level of 0.20. This would represent a drop of approximately 25% from its current price, further intensifying the worries of investors navigating this volatile landscape.
As NEAR Protocol continues to gain traction with its innovative AI integration, the broader implications of blockchain technology are also being explored in new domains. Recently, advancements in interplanetary commerce have come to the forefront, particularly with Circle's launch of the Cross-Chain Transfer Protocol (CCTP) V2 on the Stellar network, which facilitates seamless USDC transfers across multiple blockchains. This development underscores the expanding relevance of blockchain in various sectors, as detailed in the full article here.
