Pi crypto price nears key support as demand dries

cryptonews12-11

The Pi crypto price has been in a freefall this month, continuing a trend that began late in November. Summary Pi Network price continued its freefall, reaching its lowest level since Nov.5. The ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPi crypto price nears key support as demand dries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-11 02:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/pi-crypto-price-nears-key-support-as-demand-dries/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Pi crypto price has been in a freefall this month, continuing a trend that began late in November.\n\n\nSummary\n\n\n\nPi Network price continued its freefall, reaching its lowest level since Nov.5.\nThe ...</p>\n\n<a href=\"https://crypto.news/pi-crypto-price-nears-key-support-as-demand-dries/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PI","symbol_name":"Impinj, Inc.","start_time":0,"source_url":"https://crypto.news/pi-crypto-price-nears-key-support-as-demand-dries/","article_id":"2590053234","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/pi-crypto-price-nears-key-support-as-demand-dries/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590053234","pubTimestamp":1765391561,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Pi crypto price has been in a freefall this month, continuing a trend that began late in November.Pi Network price continued its freefall, reaching its lowest level since Nov.5.Pi Network  token dropped to $0.2145, its lowest level in almost a month. It has dropped by ~25% from its November high, indicating it has entered a local bear market.The token has dropped as third-party data shows that its demand has largely dried in the past few days. According to CMC, its 24-hour trading volume fell 15% to $14 million, a relatively small amount for a large cryptocurrency with a fully diluted valuation of over $21 billion.Most of its volume was on OKX, one of the biggest cryptocurrency exchanges in the industry. Bitget, Gate, and MEXC followed it.The daily timeframe chart shows that the Pi crypto price has sold off sharply over the past few days, as investors booked profits after the strong performance in November.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"PI":"Impinj, Inc.","BK4141":"半导体产品","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"随着需求枯竭，Pi加密货币价格接近关键支撑位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PI":1},"content_text":"The Pi crypto price has been in a freefall this month, continuing a trend that began late in November.\n\n\nSummary\n\n\n\nPi Network price continued its freefall, reaching its lowest level since Nov.5.\nThe daily volume of Pi plunged by 11% to $14 million, a sign of weak demand.\nThis trend is happening after an investor filed a lawsuit against the developers.\n\n\n\nPi Network (PI) token dropped to $0.2145, its lowest level in almost a month. It has dropped by ~25% from its November high, indicating it has entered a local bear market.\nThe token has dropped as third-party data shows that its demand has largely dried in the past few days. According to CMC, its 24-hour trading volume fell 15% to $14 million, a relatively small amount for a large cryptocurrency with a fully diluted valuation of over $21 billion.\nMost of its volume was on OKX, one of the biggest cryptocurrency exchanges in the industry. Bitget, Gate, and MEXC followed it.\nOne potential reason why the coin’s volume has dropped sharply in the past few days is a recent lawsuit against the team by an American investor who claims to have lost money betting on the token. \nHowever, some analysts have poked holes in the lawsuit, pointing to some inaccurate statements. For example, he notes that the token’s price dropped from $307.49 to $1.67, which is inaccurate as it peaked at $2.99 in February.\nThe plaintiff could be citing the price of Pi Network’s IoU, which was used to trade before the mainnet launch in February. Pi Network’s team had nothing to do with these IoUs. \nMeanwhile, the plaintiff argued that 5,137 coins were moved from his wallet without his knowledge, something that will be hard to prove in court. Pi’s team has yet to respond to the lawsuit.\nPi crypto price technical analysis \nPi Network price chart | Source: crypto.news \nThe daily timeframe chart shows that the Pi crypto price has sold off sharply over the past few days, as investors booked profits after the strong performance in November.\nIt has formed a double-top pattern at $0.2828 and is now nearing the neckline at $0.2020, its lowest level in November. Moving below that level will signal further downside, as it will confirm the double-top pattern.\nA drop below that level will likely trigger further selling, potentially to the next key support level at $0.1530, its lowest in October this year. The bearish outlook will be invalidated if it rises above the 50-day moving average at $0.2375.\n\n\n\n\n\n                Read more:\n            \n\n                MSTR stock could slip to $150 as Strategy responds to MSCI on DAT exclusion","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590053234","isCrawlerRequest":true}