Pi Network (PI) Fails to Ride the Crypto Market Rally, Remains 80% Below ATH
Pi Network (PI) continues to lag behind as the broader cryptocurrency market recovers, with its price stuck 80% below its all-time high. Despite a 35% spike in daily trading volume—now surpassing $128 million—the token has shed 10% this week, highlighting its underperformance.
Technical hurdles persist, with the $0.82 level acting as a key resistance point where the 50-day moving average poses a significant challenge. Current price action remains below both short- and medium-term moving averages, signaling sustained bearish pressure even amid the volume surge.