PI dips below $0.090 as bearish momentum builds despite rising OI
Key Summary
Pi Network's price fell below $0.090 on Monday, extending its decline for a fifth consecutive day. Futures open interest rose to $10.15 million from $9.78 million, indicating increased outstanding exposure. The token remains under pressure despite a relatively upbeat market sentiment, with the broader Fear and Greed Index standing at 67. PI's declining price and subdued momentum indicators suggest buyers have struggled to regain control. The token's next move will depend on whether nearby support attracts sufficient demand to interrupt the decline or selling pressure pushes the token toward its recent lows.
Key takeaways PI trades near $0.0865 on Monday, extending its decline for a fifth consecutive day. Futures open interest rises to $10.15 million from $9.78 million, indicating increased outstanding exposure. Support sits at $0.0827 and $0.0801, with initial recovery resistance at $0.0911. Pi Network extends losses despite broader market optimism Pi Network continues to weaken […]