📈 The price of Pi Network shows cautious recovery: Will profits hold?
📊 The price of Pi Network has recovered by 23% from the lowest point this week.
💰 The token rose to $0.1870, increasing its market capitalization to over $1.5 billion.
📅 The recovery coincided with the rise of Bitcoin and other cryptocurrencies, as Bitcoin returned to $90,000.
⚙️ Developers introduced a new update for payment integration in applications, launching a library that combines the Pi SDK and backend API.
🛡 However, Pi Network has significant risks, including a less active ecosystem compared to Ethereum and Solana, as well as ongoing token unlocks, with over 1.2 billion expected next year.
📉 Technical analysis indicates a possible further decline, as the coin prepares to test a key resistance level at $0.1933, with the potential for a recovery of the downward trend to its historical minimum of $0.1520. The total market capitalization of all cryptocurrencies has recovered to $3 trillion, but the lack of listings on tier-one exchanges limits the availability of Pi.
