Pi Network Recovery Gains Momentum as Bitcoin Consolidates Above Key EMAs
The Pi Network has extended its recovery on Wednesday, trading above $0.098 after finding support around the 50-day Exponential Moving Average (EMA) earlier this week.
This rebound comes as the Pi Core Team highlights the importance of strengthening its developer ecosystem to expand application-level utility across the network.
Improving momentum indicators suggest the recovery could extend further in the near term, according to recent data.
In other news, Bitcoin price holds a bullish near-term bias as it consolidates well above its key Exponential Moving Averages (EMAs), with spot trading at $78,811 on Wednesday.
The 50-day, 100-day and 200-day EMAs are clustered between roughly $70,600 and $72,900, sitting comfortably below spot and suggesting the broader uptrend remains supported despite recent loss of upside momentum.