Pi’s 6% Drop Highlights Why $0.50 Support Is Key for Bulls

• Pi token drops 6%, holds support near $0.50 for now.
• Analyst predicts $314 future; others question circulating supply assumptions.
• Technical charts show mixed signals; RSI indicates oversold conditions.

The Pi Network price has dropped more than 6% in recent days, raising concerns within its growing community. Despite the dip, some analysts believe a short-term recovery might be possible, as the token holds support around the $0.50 mark. 

As the price fell below $1, many long-time Pi supporters started to lose hope. However, some remain hopeful about Pi’s long-term future.

Analyst’s Bullish Long-Term Pi Network Price Prediction

Crypto analyst Dr. Altcoin, recently shared his views, saying, “Many gave up when Pi dropped below $1. I didn’t — and I won’t. My time zone is five years, and I clearly see 1 Pi reaching $314 one day.”

This Pi Network price prediction faces skepticism, with critics noting a $314 price implies a $31 trillion-plus market cap based on a 100 billion token supply. However, Dr. Altcoin counters that the effective circulating supply will likely be far lower, perhaps around 20 billion Pi due to factors like KYC compliance.…

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