The cryptocurrency market has seen a decline in the value of PI over the past ten days, with losses exceeding 40% since Pi Day celebrations. This sharp drop is accompanied by a decrease in social interest in the coin, as measured by Santiment data.
According to analysis, the bearish trend is likely to persist if support at $0.175 is broken. The Moving Average Convergence Divergence (MACD) line and Relative Strength Index (RSI) indicators suggest a bearish momentum that could drive prices down further.