Pi Consolidates Above $0.10 as Bitcoin Tumbles Amid Geopolitical Uncertainty
The Pi Network's price has been consolidating over the past three days, holding steady at around $0.10 as bulls eye this psychological level.
Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases.
The technical outlook for Pi Network is mixed, with bearish momentum waning to neutral.
Meanwhile, Bitcoin's price has dropped over 3% this week due to cautious institutional demand and geopolitical uncertainty in the Strait of Hormuz.
Elevated oil prices are weighing on risk sentiment, keeping Bitcoin's near-term outlook under pressure.