Crypto
Pi Network Price Hesitates Above Key Support as Broader Market Pulls Back
The Pi Network token (PI) is showing mild upside movement on Wednesday, holding above a crucial support level near $0.0853.
However, this recovery is being weighed down by the broader market's cooling-down trend and mixed technical momentum.
The crypto market saw double-digit gains last week but has since edged lower this week, with profit-taking taking its toll.
CoinGlass data shows $373 million in positions liquidated over the last 24 hours, with long positions making up $310 million of that total, indicating renewed selling pressure.