Pi Network Holds Steady at Key Support Amid Broader Crypto Market Decline

Pi Network's price has stabilized around $0.08745 on Tuesday after two consecutive days of losses, but it remains capped below the crucial psychological threshold of $0.1000.

The retail demand in PI derivatives is firm, with Open Interest exceeding $9 million, despite a broader crypto market sentiment that wanes.

A technical analysis indicates that Pi Network faces a steeper correction due to its lack of upside momentum to support a near-term recovery.

The recent pullback in Bitcoin's price has weighed on altcoins, but CoinAnk data shows PI futures Open Interest at $9.16 million, up from $9.02 million the previous day, indicating a mild buildup in positions.