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Pi Network (PI) Technical Outlook Dims as Selling Pressure Mounts

Pi Network (PI) Technical Outlook Dims as Selling Pressure Mounts

Author:

Global Cryptocurrency

Published:

2025-12-03 17:32:33

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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network (PI) is facing intensified selling pressure as its price retreats below critical resistance levels. The failed breakout attempt has pushed PI back into its established trading range, signaling a resurgence of bearish momentum. Technical indicators suggest a potential decline toward the $0.20 support level in the NEAR term.

The cryptocurrency's inability to hold above the 0.618 Fibonacci resistance level underscores persistent weakness. Despite approaching historically significant volume points, Pi has shown no meaningful upward traction. Market participants appear to be losing confidence as the bearish engulfing pattern confirms the failed breakout attempt.

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