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Pi Network Faces Critical Support Test on OKX Amid Bearish Signals

Pi Network Faces Critical Support Test on OKX Amid Bearish Signals

OKX News
Author:
OKX News
Release Time:
2025-07-14 14:47:43
0

Pi Network's native token, PI, is currently testing a crucial support level at $0.4450 as technical indicators show persistent weakness. Trading at $0.47, PI has seen only marginal daily and weekly gains of 0.94% and 0.67%, respectively, underperforming broader cryptocurrency market rallies. A symmetrical triangle pattern has formed, with resistance at $0.60 remaining unchallenged since the pattern's inception. Market analysts highlight the importance of the $0.4450 support level, which could determine the token's near-term trajectory. The Relative Strength Index (RSI) and other technical indicators suggest continued bearish momentum, raising concerns among traders. As of July 14, 2025, PI's performance on OKX and other exchanges remains subdued, with investors closely watching for a potential breakout or breakdown from the current pattern.

Pi Network Price Tests Key Support Amid Weak Momentum

Pi Network's native token PI hovers near a critical juncture as technical indicators signal persistent weakness. The asset trades at $0.47, eking out marginal gains of 0.94% daily and 0.67% weekly—underperforming broader crypto market rallies.

A symmetrical triangle formation tightens, with $0.4450 emerging as make-or-break support. Resistance at $0.60 remains unchallenged since the pattern's inception. Market technicians note the RSI's stagnant 39.82 reading and MACD's position below the signal line suggest bears maintain control, though diminishing selling pressure shows in the histogram's tentative uptick.

Questions arise after blockchain trackers spotted a 1.56M Pi transfer from OKX to a large wallet—movements of this scale often precede volatility. With volume languishing at $96.5 million, PI risks becoming collateral in traders' flight to liquid assets.

OKX Partners with PayPal to Enable Crypto Purchases Across Europe

OKX has integrated PayPal as a payment method for cryptocurrency purchases across the European Economic Area, streamlining access for users. The collaboration allows instant funding via PayPal balances, linked bank accounts, or cards, with a limited-time zero-fee promotion.

The MOVE follows OKX's MiCA registration in Europe, reinforcing its compliance-focused approach. By eliminating onboarding friction, the exchange aims to accelerate mainstream adoption—leveraging PayPal's 400 million active accounts as a bridge to digital assets.

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