Pi Network Holds Above Key Support as Crypto Market Pulls Back
Pi Network is maintaining its price above $0.0853 support as the broader cryptocurrency market's recovery slows down due to profit-taking.
The token trades near $0.0900, showing mild upside momentum, but its technical indicators remain mixed, reflecting a lack of decisive buying pressure.
Despite the recent gains, the crypto market is experiencing a pullback, with approximately $373 million in leveraged positions being liquidated over the past 24 hours, indicating renewed selling pressure as investors reduce risk and take profits.
The Pi Network's price needs stronger momentum to overcome resistance levels above its current price, particularly the 50% Fibonacci retracement level at $0.1022, which was previously a supply zone and rejected PI's recovery attempt in mid-July.