PI slips below $0.090 as five-day losing streak continues despite rising open interest
- —PI trades near $0.0865, down for a fifth consecutive session
- —Futures open interest climbed 3.8% to $10.15 million from $9.78 million
- —Immediate support at $0.0827 and $0.0801; first resistance is the 50-day EMA at $0.0911
- —RSI near 43 and a slightly negative MACD keep the technical bias bearish
Why it matters: Rising derivatives exposure into falling spot prices raises the odds of a sharp move if support at $0.0827 gives way.
Source: CoinJournal