Pi Coin’s Ride - Bullish Hype vs Bearish Reality

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Pi Network's community is going all-in, taking it to the #1 "Most Bullish" position on CoinMarketCap with more than 4 million votes! But here's the catch—while the hype is through the roof, technical charts yell caution. Let's take it down:

Death Cross Looms – Should You Worry?
An ugly death cross has been created (50 SMA crossing below 200 SMA), and the MACD continues to print red bars—typical bearish signs. Even the KDJ indicator concurs: sellers are dominant. Analysts confirm a rapid rebound before June 28 is unlikely unless bulls have a miracle in store.

Price Action & Key Levels
Current Price: ~$0.7457 (down 4.69% today, but still +1.82% for the week).

Volume Spike: Trading volume jumped 39% to $125M—are whales dumping or accumulating?

Make-or-Break Zones:

Resistance: $0.833 (break this = bullish revival).

Support: $0.6888 (lose this = deeper crash).

The Big Debate: Hype vs. Fundamentals
Short-Term Traders: See volatility = profit chances.

Long-Term Holders: Betting on Pi’s unproven utility ("mainnet when?").
Investors expect another huge rise in price as Bitcoin's price action can rally the entire crypto market into a bullish season.