Crypto
Pi Network Token Hits Resistance Ahead of Protocol 28 Upgrade
Pi Network's PI token has been trading near $0.08902, down 2.61% over the past 24 hours and up 2.25% in the weekly period.
The market capitalization of PI stands at around $1 billion, with a total of 11 billion tokens in circulation.
However, despite a recent rebound from a low of $0.08019, the token remains below key moving averages and is facing multiple resistance levels.
The upcoming Protocol 28 upgrade in October could strengthen Pi's network infrastructure and support its adoption in the crypto and DeFi ecosystem, but for now, PI must reclaim $0.09025 and $0.09180 to improve its short-term technical outlook.