Markets· ★★· bearish·

Pi falls 6.32% to $0.0816 on above-average volume

  • —PI trades at $0.0816, down 6.32% on the day
  • —Volume of $9.88 million is 41.19% above the 30-day average
  • —Price is 96.51% below its all-time high of $2.33
  • —Open interest fell 13% in 24 hours, funding rates negative
Why it matters: Oversold RSI at 35.9 leaves room for a bounce, but without a catalyst and with weak derivatives the downtrend remains intact.
Source: DiarioBitcoin