Pi Coin price has reportedly declined by 13% in the trading market, trading near a critical support level of $1.10.
According to Technical indicators, online dealers have refused to sell due to the tragic fall of the PI coin price which has also caused the selling pressure.
Report say that PO coin is currently selling at $1.10 for now but might break below this level and sell at a price of $1.05 or even $1.00.
However, the possibility of the price rising to $1.15, with a potential upward challenge at $1.20 is high if bulls manages to rise again.
Due to fall in the price of PI coin, Altcoins across the board are reportedly suffering as well. Report say that JasmyCoin dropped by 6%, while Litecoin and Ethena also dropped over 5%.
This broad-based sell-off comes amid a crypto market decline of 1.70%, reducing the total market capitalization to $2.7 trillion.
