Will Pi Network price crash to $1.5 as charts confirm a bearish crossover?

Pi Network price has declined over 38% from its Friday high and dropped 10% in the past 24 hours following a sell-off triggered by Kraken listing news. Technical analysis suggests potential further downside with charts showing bearish crossover patterns pointing toward a possible $1.5 price target.

• →Pi Network price fell over 38% from its March 13 high amid heavy selling pressure.
• →The token dropped more than 10% in the past 24 hours following Kraken listing news.
• →Technical charts are showing bearish crossover patterns that could signal further decline.
• →Analysts are pointing to $1.5 as a potential downside price target based on chart analysis.
• →The sell-off represents a classic 'buy the rumor, sell the news' market reaction to the exchange listing.