Pi Network Faces Bearish Pressure Despite Recent 4.5% Rally

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-24 08:41:14

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

Pi Coin gained 4.5% in the past 24 hours, trading at $0.5335 amid a broader crypto market rally fueled by geopolitical easing between Iran and Israel. The uptick offers short-term optimism—though technical indicators remain overwhelmingly bearish, with the token down 7% weekly and 30% monthly.

May's brief rally faded into June's sideways movement between $0.50-$0.60, characterized by thin liquidity. Analysts identify key thresholds at $0.60 resistance and $0.50 support, with Dr. Altcoin projecting sustained $0.40-range trading through August. "Pi Day 2 HYPE won't move the needle," he tweeted, dismissing speculative catalysts.

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