Pi Network Bulls Defend $0.47 Support Amid Bearish Pressure
Pi Network (PI) is struggling to break out of a tight trading range as bulls aim to hold the $0.47 support level, while bears continue to reject any upward movement beyond the $0.48โ$0.50 zone. Despite recent ecosystem developments, PIโs price remains under pressure due to increased token unlocks and low trading momentum. The token has formed a falling wedge pattern, suggesting a potential breakout, but a failure to hold current levels could push it down to the April low of $0.40. If bulls regain control, resistance at $0.56 and $0.66 may come into play. On-chain activity, including whale accumulation and new utility tools like the Fiat Buy feature, hints at possible recovery catalysts ahead.
$PI $BTC
#PiNetwork #CryptoMarket #AltcoinNews
Follow for more Pi updates!