Crypto
Pi Network Fails to Keep Pace with Broader Crypto Market Rally
The Pi Network has reached $0.09 as the broader cryptocurrency market continues its rally.
The token's price increase is being driven by improving risk appetite, which has pushed Bitcoin above $71,000 after the US Treasury expanded its longer-term securities buyback operations.
Despite this, Pi Network remains an underperformer in the market, failing to attract sufficient buying pressure to match the gains seen in other cryptocurrencies.
The token must overcome the psychological $0.1000 threshold and break above the 50% Fibonacci retracement at $0.1022 to extend its recovery and strengthen its position.