BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pi Network Faces Bearish Pressure Despite Recent 4.5% Rally
Pi Network Faces Bearish Pressure Despite Recent 4.5% Rally
9
3
[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.
By:
Previous
Euronext Expands Derivatives Offering with Mini Options on German Stocks
Next
ARI Wallet Launches Daily Quiz Campaign to Distribute Free Crypto Coins
