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Pi Network’s PI Token Tests Critical $0.35 Support Level Amid Market Downturn
Pi Network’s PI Token Tests Critical $0.35 Support Level Amid Market Downturn
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News - Pi Network's native token PI is hovering NEAR crucial support at $0.35, down 13% weekly as Bitcoin's decline pressures altcoins. The descending wedge formation between $0.34-$0.36 suggests potential reversal potential—if bulls can overcome the $0.3617 resistance level. Technical indicators present a cautious outlook. Bollinger Band expansion signals increased volatility, with immediate support at $0.3329 and psychological backing at $0.30. A decisive breakout above $0.36 could trigger moves toward $0.40, though current market sentiment keeps traders on high alert.
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