Crypto Market Rally Boosts Bitcoin Near $70K While Pi Network Struggles Below Key $0.10 Barrier Despite broader crypto market gains and US bond buybacks boosting Bitcoin toward $70,000, Pi Network lacks strong bullish momentum and must clear the $0.1000 resistance for an extended rally. Pi Network sustained its three-day recovery streak on Thursday, holding above the $0.0890 level as broader cryptocurrency markets experienced a widespread resurgence in investor risk appetite. However, despite the positive sentiment across major digital assets, PI token continues to struggle with a noticeable absence of decisive bullish momentum. Market dynamics suggest that for Pi Network to transition from its current consolidation phase into an extended price rally, buyers must convincingly push the token past the critical $0.1000 psychological threshold. Speculative Trading Lags as Pi Network Underperforms Broader Market Recovery While multiple alternative cryptocurrencies have surged alongside the market rebound, Pi Network stands out as one of the few underperforming altcoins lagging behind the broader recovery. According to derivatives market metrics provided by analytics platform CoinAnk, retail speculation in PI futures has shown only a modest recovery. Open Interest rose to $9.30 million on Thursday, marking an increase from $8.82 million recorded on the previous day. Despite this consecutive daily gain, the current leverage exposure remains significantly depressed compared to the peak of $12.14 million registered on July 15. This modest growth in derivative positioning underscores a broader structural hesitation among market participants. The failure of Open Interest to approach summer highs indicates that both retail traders and institutional market makers are taking a cautious approach toward PI token. Taken together, Pi Network continues to struggle to fully capitalize on the temporary risk-on sentiment phase flowing through the broader crypto market, reflecting reduced overall investor interest and a lack of fresh capital inflows. Technical Indicators Display Neutral Bias Alongside Key Fibonacci Support On the daily chart, technical momentum indicators present a mixed outlook, characterized by a mild upside bias that lacks aggressive buying conviction. The Relative Strength Index (RSI) is currently hovering close to the neutral 50 level, reflecting an equilibrium between bullish buyers and bearish sellers. Until the RSI moves decisively toward the upper threshold, momentum is likely to remain constrained within a narrow trading range. At the same time, the Moving Average Convergence Divergence (MACD) indicator continues to hold marginally above its signal line. The MACD histogram reflects an expanding bullish profile, hinting at subtle underlying buying strength that could support minor upward drifts. However, without a significant expansion in trading volume, this technical configuration points to a gradual drift rather than an explosive breakout. Chart analysis indicates that the immediate line of defense for PI is established at the 78.6% Fibonacci retracement level of $0.0839. This Fibonacci marker acts as crucial structural support guarding against potential downside movement. Should selling pressure intensify and push the price below $0.0839, the token could face a deeper corrective decline toward the key $0.0703 swing low, which represents the primary support floor for short-term market structure. Macro Liquidity Catalysts and Strong Surges in Bitcoin, XRP, and Stellar The broader cryptocurrency market recovery has been significantly energized by macro liquidity improvements, specifically driven by the US Treasury bond buyback initiative. This policy intervention has enhanced financial system liquidity conditions, boosting investor confidence across risk-sensitive asset classes. Capital flows have pushed Bitcoin (BTC) toward the $70,000 milestone, with price action hovering around $69,642 after edging toward its 50-day Exponential Moving Average (EMA) near $64,370 on Wednesday following a 2.9% gain over the previous two days. Bitcoin technicals further indicate that the leading cryptocurrency has broken out of a short-term horizontal trend channel, supported by positive volume balance and an overbought RSI reading of 74. This broader market strength has fueled significant rallies in payment focused tokens like XRP and Stellar (XLM). Driven by improving market-wide liquidity, XRP extended its gains on Thursday to trade above $1.08 after jumping more than 10% on the previous day. Meanwhile, Stellar (XLM) rallied over 9% to approach its key resistance barrier at $0.177. While major layer-one assets post robust gains, Pi Network remains in a tight range, awaiting sufficient momentum to challenge the $0.1000 mark. What this means for you For Crypto Investors: Pi Network currently displays muted momentum, making it essential to monitor the key $0.1000 resistance and $0.0839 support levels before taking new positions. Market Context: Improving liquidity is driving gains in Bitcoin and major altcoins, but confirming trading volume and Open Interest remains crucial before committing capital to lagging tokens. Questions & Answers 1. What is the current trading price of Pi Network? Pi Network is trading above the $0.0890 level on Thursday. 2. Which price level is critical for Pi Network to extend its rally? Pi Network must clear the $0.1000 psychological threshold to initiate an extended price rally. 3. What are the primary support levels for Pi Network? The key support level is at $0.0839, corresponding to the 78.6% Fibonacci retracement level, guarding downside risks to the $0.0703 swing low. 4. What does CoinAnk data show regarding PI Open Interest? CoinAnk data shows Open Interest in PI futures rose from $8.82 million to $9.30 million, though it remains well below the July 15 peak of $12.14 million. 5. What factor is driving the broader cryptocurrency market recovery? The US Treasury bond buyback initiative improved liquidity conditions, driving Bitcoin toward $70,000 and triggering gains in XRP and Stellar. https://trendkia.com/en/crypto/kripto-bajara-men-teji-ke-bavajuda-pi-network-susta-kya-0-1000-ka-stara-para-kara-paega-pi-tokana-18849 TrendKia — Har trend, sabse pehle.