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Pi Network’s PI Token Stages 30% Comeback Amid Market Turbulence
Pi Network’s PI Token Stages 30% Comeback Amid Market Turbulence
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token (PI) has rebounded sharply, surging 30% from its monthly low to reach $0.84. This recovery comes after a steep 50% drop between May 12-17, with bulls now holding the line at a crucial $0.74 support level.
The rally is backed by a 150% daily volume spike to $548 million, signaling renewed trader interest. While technical indicators show cautious optimism, the project still faces challenges including mainnet migration delays and limited exchange listings.
Investors are monitoring an upcoming 1.47 billion Pi token unlock that may create selling pressure in coming months. The current 20% four-day gain demonstrates market confidence in Pi’s resilience despite infrastructure hurdles.
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