Pi Network Struggles to Keep Pace with Broader Crypto Market Rally

Pi Network's price has continued its recovery from earlier in the week, trading around $0.09 on Thursday.

This comes as the broader cryptocurrency market sees a rally, with Bitcoin pushing above $71,000 after the US Treasury expanded its longer-term securities buyback operations.

However, Pi Network remains an underperformer, failing to attract sufficient buying pressure to match the market's gains.

To extend its recovery, Pi Network must break above the psychological $0.1000 level and the 50% Fibonacci retracement at $0.1022.