{
  "type": "article",
  "title": "Pi Network Price Drops as Bearish Channel Extends Downtrend and Market Sentiment Cools",
  "summary": "Pi Network extended its losses in a bearish channel pattern on Monday as broader crypto market sentiment remained subdued.",
  "content": "Pi Network registered a decline of over 2% on Monday, extending its downward trajectory within an established bearish channel pattern. This ongoing slide highlights persistent selling pressure and reinforces a cautious technical outlook for the token, raising concerns about a potential test of new record lows below the crucial psychological thresholds.\n\nSubdued Market Sentiment and Technical Outlook\nThe broader cryptocurrency market environment remains weighed down by caution. On Monday, the Fear and Greed Index was recorded at 34, signaling a marked reduction in risk appetite among market participants. From a technical standpoint, the outlook for PI remains distinctly bearish, with continuous risks pointing toward a drop below the $0.0700 mark. Amid these downward pressures, momentum indicators offer a mixed reading, as the Moving Average Convergence Divergence maintains an upward posture above its signal line while the Relative Strength Index hovers near 40, pointing to fading oversold conditions.\n\nDerivatives Activity and Open Interest contraction\nActivity within the derivatives sector reflects a similar cooling of participation. Data from CoinAnk indicates that PI futures Open Interest contracted to $8.41 million, down from $8.94 million recorded on Saturday. This reduction in active contract value points toward a liquidation of positions or a lower notional commitment, typically coinciding with price depreciation. Although the token managed to hold above $0.0800 during Monday sessions, the near-term directional bias continues to favor sellers as prices remain trapped between parallel declining trendlines.\n\nPerformance Across Major Cryptocurrencies\nOther leading digital assets also experienced notable price adjustments. Bitcoin, Ethereum, and Ripple stabilized on Monday following losses of 2.8%, 3.55%, and 2.35% respectively during the previous week. Bitcoin continues to trade beneath key resistance boundaries, while Ethereum consolidates in the range defined by its 50-day and 100-day Exponential Moving Averages. In contrast, Cardano managed a strong recovery, trading around $0.187 on Monday after rallying over 14% last week and breaking out above a key ascending trendline supported by strengthening metrics and whale accumulation.\n\nBroader Market Context and Live Pricing\nBitcoin prices faced renewed downward pressure on Monday, sliding toward the $63,000 threshold as bearish momentum reasserted itself. Live market data places the asset at $63,506, compared to the previous close of $63,482, marking a modest 0.04% gain on the day within a 52-week trading band of $57,748 to $97,861. Market participants continue to digest external developments, including the reported theft of approximately 1,300 BTC in a Coldcard wallet incident and political decisions regarding geopolitical tensions. Observers emphasize the importance of thorough personal research when navigating volatile digital asset markets.\n\nWhat this means for you\nFor Crypto Investors: Heightened bearish momentum and reduced risk appetite across digital asset markets mean traders should exercise caution and conduct thorough research before making portfolio decisions.\n\nQuestions & Answers\n\n1. How much did Pi Network decline on Monday?\nPi Network declined by over 2% on Monday, extending its downward trend in a bearish channel pattern.\n\n2. What was the Crypto Fear and Greed Index on Monday?\nThe Fear and Greed Index stood at 34 on Monday, signaling reduced risk appetite in the market.\n\n3. What is the current futures Open Interest for Pi Network?\nAccording to CoinAnk data, the PI futures Open Interest declined to $8.41 million.\n\n4. What is the live price and previous close for Bitcoin?\nBitcoin trades at a live price of $63,506 compared to its previous close of $63,482.",
  "url": "https://trendkia.com/en/crypto/pai-netavarka-ki-kimaton-men-mndi-ka-daura-jari-biyarisha-chainala-men-phisala-raha-tokana-13260",
  "category": "Crypto",
  "publishedAt": "2026-08-03",
  "tags": [
    "Pi Network",
    "Crypto News",
    "Bitcoin",
    "Market Analysis",
    "Blockchain",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}