Pi Network (PI) price is down 5% at press time on Monday, extending the reversal from the 50-day Exponential Moving Average (EMA) that occurred last week. The PI token risks further losses as a Pi Network moderator sets the record straight about the ISO 20022 rumor, urging users to wait for official statements from the Pi core team. Meanwhile, social chatter is down from last week’s high, suggesting a decline in interest among traders.
Last month’s crypto rejection came as a surprise to many, but not to our analysts at Alchemy Markets. Our TradingView idea posted on October 26th was perfectly respected.
Bitcoin cleanly rejected from $115,500 (July’s POC), and now sees itself trading at $107K levels. The real question now is — will we bounce soon? Or does this decline have way more room to go?
Bitcoin (BTC) is trading in the red on Monday, as bears tighten their grip, highlighting a sticky risk-off sentiment in the broader cryptocurrency market. The largest cryptocurrency by market capitalization remains below $108,000, down nearly 3%.
