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PI Network’s 16% Surge Tests Key Resistance Amid August Unlock Risks
PI Network’s 16% Surge Tests Key Resistance Amid August Unlock Risks
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
PI Network's price rallied 16% intraday to approach $0.40, driven by technical breakouts and a 150% volume surge. The upward MOVE now faces critical resistance between $0.445-$0.46, though analysts caution about bearish divergence risks from upcoming token unlocks. Ethereum-style chart patterns indicate fragile market sentiment despite increased trading activity.
Meanwhile, Remittix (RTX) is emerging as a promising DeFi alternative ahead of its centralized exchange listing. The project's utility-focused design and transparent architecture contrast with Pi Network's centralized governance and exchange liquidity limitations. Market dynamics show capital rotation toward fundamentals-driven projects during this volatile period.
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