#PI走势分析 big dump of over 30% of Pi coin, can it rebound against the trend? Key signals and full analysis of market games.

In the past week, Pi coin (PI) experienced significant fluctuations, with the price falling from $1.34 to $0.91, a drop of 31.9%, triggering intense discussions in the market about future trends.
This big dump is directly related to the removal of Pi coin from the "listing voting" activity by the BN exchange. The official explanation states that Pi coin is developed based on an independent blockchain, which is incompatible with the BN Smart Chain (BSC), leading to further pressure on liquidity.
Technical analysis shows that Pi coin is currently in a symmetrical triangle consolidation pattern, with $1.14 as a key support level. A fall below this level could trigger a bigger sell-off; meanwhile, the $1.20 resistance level becomes the "watershed" for a bullish counterattack.
Most moving averages are showing a "sell" signal and the market sentiment is bearish, but analysts note that there is still a chance for a rebound if a breakout pattern or a positive event catalyzes it.  
The future recovery depends on three key factors:
First, ecological applications are being implemented. Currently, the Pi Network mainnet has not yet fully opened, and the utility of the token is limited. If it opens up and attracts developers to build application scenarios, it may alleviate the selling pressure.
Secondly, the new listing on the exchange, although temporarily excluded by BN, may boost liquidity if it lands on other mainstream platforms.
Third, the strength of community consensus. Pi coin has a user base of 47 million. If the community cohesion is maintained, the long-term value still has potential.