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Pi Network’s Fragile Recovery Faces Skepticism as Volume Dries Up
Pi Network’s Fragile Recovery Faces Skepticism as Volume Dries Up
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's token (PI) has shown tentative signs of recovery, gaining 4% to reach $0.36 after hitting an all-time low. However, the rebound appears unconvincing—trading volume dropped 30% during the same period, indicating weak demand.
Technical indicators support the bearish outlook. The Parabolic SAR's resistance level at $0.47 suggests persistent downward pressure. Market analysts highlight the negative divergence between price and volume, a classic signal of unsustainable price movements.
While Pi briefly outperformed a stagnant broader market, its price action resembles distressed assets rather than strong performers. The token's failure to attract significant capital inflows raises doubts about its near-term potential.
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