Pi Network’s PI token stabilizes near $0.08745 as derivatives open interest exceeds $9 million despite broader market declines.
Pi Network’s PI token steadied at $0.08745 on Tuesday, recovering from two days of losses as broader cryptocurrency markets faced downward pressure. The token remained below the $0.1000 psychological level, a key resistance point for traders.
Open interest in PI derivatives held firm above $9 million, signaling sustained retail demand despite weakening sentiment across the crypto sector. The token’s resilience contrasts with declines in major cryptocurrencies, though it has yet to break out of its recent range.
Market participants are monitoring whether PI can maintain support near $0.08745 or if further downside pressure emerges amid macroeconomic uncertainty.