Markets· ★★· bearish·

Pi Network slips below $0.09 as double-bottom setup hinges on $0.11 breakout

  • —PI trades near $0.087, down 4.3% over seven days, with a weekly range of $0.08611–$0.09345
  • —Daily trading volume dropped 34% to about $3.24 million against a market value near $980 million
  • —Price sits below the 20-day ($0.08827), 50-day ($0.09096), 100-day ($0.09159) and 200-day ($0.12537) SMAs
  • —Node operators must update to Protocol 28 by Oct. 13 ahead of the Oct. 16 mainnet upgrade
Why it matters: A break above $0.0883 would open the $0.091–$0.092 zone, while losing $0.08545 would send PI back toward its September trough of $0.081–$0.082.
#PI
Source: crypto.news
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