Crypto
Pi Network's PI Token Crashes Below Key Support Ahead of Major Update
After a brief resurgence in price, Pi Network's native token PI has plummeted below its key support level of $0.09. This drop comes after a hopeful August for the asset, which had surged past $0.096 on August 6 but was rejected and dipped below the support level last Friday.
Despite reclaiming the $0.09 line over the weekend, PI dropped to $0.084 before buyers stepped up and helped it recover to its current price of $0.086.
The market capitalization of PI has fallen below $950 million, placing it at 67th on CoinGecko's list of largest cryptocurrencies.