PI Token Struggles Despite Oversold Conditions; MAGACOIN FINANCE Gains Attention
The Pi Network (PI) token has been facing a tough time, with its Relative Strength Index (RSI) dropping to around 30, indicating oversold conditions. Despite this, the token has not seen a significant recovery. Meanwhile, MAGACOIN FINANCE, a project associated with Donald Trump supporters, is gaining attention and predicted to outperform established altcoins.
PI, with a market cap of $2.1 billion and daily volumes of around $22 million, has been stuck in a descending channel since April. Each attempt to break higher has been swiftly rejected. Over 119.4 million PI, worth over $31 million, are scheduled to be released in October, which could add to selling pressure. The token is currently trading near $0.26, extending its multi-day losing streak. Bulls must defend the $0.185-$0.22 support zone to prevent PI from falling to $0.165 and setting new cycle lows.
In contrast, MAGACOIN FINANCE is attracting investors due to its distinctive features, such as a 1% transaction tax dedicated to charity and a limited total supply of 47 million tokens. Its potential future listing on popular exchanges and growing ecosystem have also boosted investor confidence. The project is leading discussions across social platforms and drawing comparisons to early runs of Dogecoin and Shiba Inu, with stronger fundamentals.
The next few weeks are critical for PI Coin's trajectory. Bulls must defend key support zones to prevent a slide further into uncharted territory. Meanwhile, MAGACOIN FINANCE, with its unique features and growing community excitement, is predicted to outperform many established altcoins, becoming the breakout story of 2025.
Read also:
- Regensburg Customs Crackdown Nets 40+ Violations in Hotel Industry
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Germany Boosts EV Charging: 1,000 Fast-Charging Points on Motorways by 2026
- Albanese Invites LuLu Group to Australia as Free Trade Deal Takes Effect
