Markets· ★★· bearish·

Pi Network slips 1% as futures open interest drops 14%, $0.0801 support at risk

  • —PI trades around $0.0823 after bouncing from $0.0801 support
  • —Futures open interest fell to $8.94M from $10.38M, down about 14%
  • —Resistance sits at $0.0827 and the 50-day EMA at $0.0902
  • —A break below $0.0801 could expose $0.0704
Why it matters: Weak derivatives activity and price below key moving averages keep the risk of another leg lower for PI.
#PI
Source: CoinJournal
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