PI holds key support despite 15% decline – But $0.085 breakdown risk looms

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PI Network has experienced a 15% decline, but the price is currently testing a support line from a bullish triangle pattern that has resisted three previous breakdown attempts. If a breakout occurs, the next support level stands at $0.085. Technical indicators like the Money Flow Index and Accumulation/Distribution remain bearish, restricting capital inflows. However, the positive Funding Rate at 0.0050 and $2.3 million Open Interest maintain bullish sentiment. A breakout above resistance could push the price toward $0.103 or $0.110.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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