Pi Network Sees Mild Recovery Amid DEX Test, Bitcoin Consolidates Near $78,000
The Pi Network is experiencing a mild recovery in August, trading around $0.0900 on Monday after consolidating above the $0.0836 support floor.
This comes as the PI Testnet has seen around 30 new tokens released under the names of leading corporations, potentially testing the DEX environment.
The technical outlook for Pi remains mixed with momentum low amid firm headwinds.
In contrast, Bitcoin is consolidating near $78,000 on Monday after its recent rally as strong institutional demand continues to provide support.
The Crypto King's upside may be capped by escalating Middle East tensions, rising oil prices and growing inflation concerns dampening risk appetite.