Pi Network Slides as Bitcoin and Ethereum Trade Sideways

The cryptocurrency market saw mixed performance on Friday, with Pi Network declining for the third consecutive day.

Pi Network's price dropped to $0.0961 after being capped by its 127.2% Fibonacci extension level measured from $0.1998 to $0.1183.

This development is part of a broader bearish bias, as Pi Network's decline extends within a falling channel pattern on the daily chart.

The key support for Pi Network emerges at its 161.8% Fibonacci extension level at $0.0679.

In other markets, Bitcoin traded near $65,300, with a neutral-to-slightly bullish tone as spot action held above its 50-day Exponential Moving Average (EMA) of $65,145.