Pi Network Price Plummets: Is a Rally Coming? Trading Resumes and Promising Developments Spark Hope

The price of Pi Coin (PI) has experienced a sharp decline, dropping below $0.60 in the past 24 hours. A 30-day timeframe shows a -15% drop, placing it among the few major cryptocurrencies trading in the red this month. This downward trend has sparked concerns among investors, but some traders are cautiously viewing this dip as an opportunity to enter the market at lower prices. 30-day range for Pi Coin has been stagnant between $0.59 and $0.67 before dropping below $0.58, suggesting further downside risk if it breaks through this support level. Despite the recent price volatility, there are some developments that offer a glimmer of optimism: