Pi Network (PI) has lost approximately 13% of its value amid broader crypto market losses. The asset is currently trading within a bearish flag pattern, a technical formation that suggests further downside risk once consolidation ends. Technical indicators confirm this bearish outlook: the Parabolic SAR shows significant selling pressure, and the MACD has just formed a Death Cross, a major bearish signal. Market sentiment, measured at -7.09 on a scale from -10 to 10 by CoinMarketCap, is in extremely bearish territory, indicating that investors are favoring selling and that a price rebound appears unlikely in the near term.
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