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Pi Network Price Hits $0.09 Amid Declining Open Interest and Bearish Trend

Guavy AI Editorial Team
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Pi Network's price is stuck at $0.09 as open interest sinks from its recent peak, indicating that traders are closing positions rather than opening new ones.

The token is trading below both the 50-day Exponential Moving Average (EMA) at $0.1128 and the 200-day EMA at $0.1728, suggesting a bearish trend despite recent price stabilization.

The Crypto Fear & Greed Index has dropped to 39 from 40, keeping it in 'Fear' territory, which suggests that sellers continue to dominate trading activity.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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