Pi Network (PI) Hit by Volatility, Solana (SOL) Braces for Additional Sell-off: Bits Recap Nov 13

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PI experienced significant volatility before falling back below $0.07 after briefly moving above that level, driven partly by a technical rebound and enthusiasm surrounding the Ecosystem Summit scheduled for November 17-19. Its market capitalization stands at roughly $790 million, making it the 82nd-largest cryptocurrency. Solana declined 10% over the past week and 25% for the month, trading near $80, as weak demand for spot ETFs supports a bearish scenario. The $78 level is considered crucial: holding it could trigger a rebound, while breaking it could lead to a drop as low as $63. Zcash lost its place among the ten largest cryptocurrencies after falling 25% in a week and dropping below $1,000, with some projections ranging as low as $500.

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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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