Pi Network’s PI token is trading around $0.1300 on Thursday, down by 1% in the last 24 hours as the broader cryptocurrency market struggled to sustain a recovery. The token remains under pressure as recurring spikes in long liquidations and cautious investor sentiment weigh on the market. Technically, PI risks invalidating a recent bullish breakout from a long-term descending trendline if selling pressure continues. Market sentiment remains fragile The broader crypto market has lost momentum, with Bitcoin (BTC) slipping back below the $65,000 mark amid concerns over a more hawkish monetary policy stance from the US Federal Reserve under its new leadership. Investor confidence has also weakened.
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