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Pi Network Rises Amid Risk-On Sentiment and Upcoming Upgrade

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Pi Network (PI) has regained some ground, rising nearly 2% on Tuesday to test its breakout above its 50-day Exponential Moving Average (EMA) at $0.0917.

The broader cryptocurrency market remains in a risk-on tone, with the Fear and Greed Index standing at 68, down from 78 last week but still above the neutral zone.

This suggests that investors' appetite for risk could be sustained, potentially fueling upside potential for altcoins like PI, especially given its upcoming v28 protocol upgrade.

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