PI Price Plummets Below $0.19 Amid Declining Social Interest and Exchange Deposits

The price of PI has taken a significant hit in recent days, dropping below $0.19 due to declining social interest and increased deposits on centralized exchanges.

According to data from Santiment, Pi Network's social dominance has declined to 0.025% among the top 100 cryptocurrencies, signaling a potential loss of community support.

The increase in exchange deposits suggests a potential profit-taking phase by US investors after the listing on Kraken Exchange.

However, if the bulls hold the $0.175 support level, PI could rally towards the 100-day EMA at $0.1980, easing the downside bias.