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The brutal mantra crash (OM) has sent shock waves through the world of cryptography. The next day, the pseudonym analyst of cryptography, Dr. Altcoin, urges the basic development team of the PI network, Le Picoreateam (PCT) to take into account.
In particular, OM recently dropped from $ 6.32 to $ 0.57, a drop of more than 90, triggering a deletion of the market of $ 6 billion in a single day. While the official announcement blame this fall on mass liquidations, suspicion increases that the decline was an intentional dump.
In a post on X, Dr. Altcoin noted the importance of building robust infrastructure and guarantees to prevent the part of Pio PI from facing a similar collapse.
THE $ OM The incident is an alarm clock for the whole cryptography industry – to test stricter regulations is urgently necessary. It also serves a huge lesson for the PI Core team while we go from the network open to Open Mainnet. @Picoreateam @nkokkalis @Chengdiao pic.twitter.com/zbn4lssonn
– Dr Altcoin (@dr_picoin) April 14, 2025
Analysts also raise red flags on the lack of transparency of the PCT, pointing token locking mechanisms and repeated delays to approve the applications of your business (KYB).
Such a delay forced Pidaoswap to launch its NFT on the binanchers chain, affecting community confidence in the long -term commitment of the network towards its own ecosystem.
The popular cryptographic podcastor Don Ranalli also noted that public feeling towards Pi Coin becomes sour. He pointed out that the Pi token is faced with a persistent lowering feeling.
Random tweets of this x account to keep a semblance of interest in pi
However, the feeling for this piece continues to be lower on the whole, time continues and that PPL realizes that this piece continues to be different and Nik and Fen are without any idea or have made money and not …
– Don Ranalli (@ranalli_don) April 14, 2025
According to him, the community realizes that the network offers nothing fundamentally new in cryptographic space.
Meanwhile, PI is negotiated at around $ 0.74, continuing to fight with obstinate resistance at $ 0.75.
During last week, the token jumped 27%. Analyst Moon Jeff recently said that the graph’s configuration seemed more and more promising. He thinks that a long -term move at $ 5 is “inevitable”, although it can take weeks or even months to materialize.
$ Pi The graph looks good.
$ 5 is inevitable
It can take weeks, even months, but ultimately we will be there.
The only resistance we have is $ 3. #Pinetwork– Moon Jeff 🪐 (@ cryptoad00) April 14, 2025
Jeff noted that the token must fight against massive resistance at $ 3 in the short term.
On the 4 -hour Pi price table, the RSI amounts to 61, approaching the Surachat area. This suggests that the bullish momentum can still have legs, although reversal is possible if the purchase of pressure decreases.
Pi Table of 4 hours | Source: Commercial view
The Bollinger bands shrink, pointing a consolidation phase. The price oscillates around the intermediary band, which is currently at $ 0.7365.
If the bulls manage to push beyond this area, Pi could retest the band greater than $ 0.7895. On the other hand, a drop less than 0.7365 could lead the token to the band less than $ 0.6834.
Pi Table of 4 hours | Source: Commercial view
Meanwhile, the MacD histogram is in the red and the signal line is still above the MacD line, signaling a persistent lower momentum. However, the narrowing gap between them alludes to a potential bullish crossover if the volume accumulates.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
post url: https://altcoin.observer/pi-network-under-analyst-titles-after-the-collapse-of-the-mantra/
