Pi Network (PI) experienced a considerable rise in trading volume by 66% in just 24 hours. This uptick might suggest a comeback possibility, although the price fluctuated between $0.66 and $0.57, reflecting investor uncertainty.
Despite some positive indicators, such as an increase in community support, skepticism about Pi Network’s viability persists. Binance has yet to list PI, impacting overall market confidence amid concerns of potential price declines.
Technical indicators show PI nearing a breakout from a descending channel, yet the Relative Strength Index (RSI) reveals oversold conditions. Without solid fundamentals, the long-term outlook for Pi Network remains questionable.
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