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Pi Network Upgrade Fails to Spark Price Rally Despite Technical Improvements
Pi Network Upgrade Fails to Spark Price Rally Despite Technical Improvements
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's latest protocol upgrade has failed to generate significant momentum for its token price, with Pi continuing to trade within a narrow range despite broader market gains. The token managed only a modest 2% increase, while trading volume declined by 20%, indicating persistent selling pressure and weak buyer conviction.
The divergence between price and volume suggests an unsustainable rally. The Elder-Ray index's negative reading (-0.0237) confirms bearish dominance, reflecting market skepticism even after technical enhancements. Such conditions typically precede consolidation or downward movements when upgrades fall short of inflated expectations.
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