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Pi Network Faces Price Challenges as Market Sentiment Remains Weak
Pi Network Faces Price Challenges as Market Sentiment Remains Weak
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin rose 4.5% in the past 24 hours, reaching $0.5335, supported by a broader crypto market rally following news of an Iran-Israel ceasefire. However, the token's overall trend remains bearish, with a 7% weekly loss and a 30% monthly decline.
Technical indicators show limited bullish momentum. The coin has mostly traded sideways between $0.50 and $0.60 in June, with low trading volume. A breakout above the $0.60 resistance could signal a reversal, while losing the $0.50 support may lead to further declines.
Dr. Altcoin notes that Pi has entered the $0.40 range and expects it to stay there until August. Speculation around Pi2Day on June 28 is unlikely to change the price trajectory, despite some traders anticipating volatility.
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