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Pi Network on Thin Ice ❄️ — Buying Power Wanes as Sentiment

koinmilyoner

Updated at: 7 hours ago

{"content":"Pi Network on Thin Ice ❄️ — Buying Power Wanes as Sentiment Turns Cold Pi Network extends the 50-day EMA reversal as purchasing pressure drops. Pi Network moderators correct ISO 20022 compliance falsehoods. Pi Network social discourse waned while the market remained turbulent. Pi Network (PI) price is down 5% at press time on Monday, extending last week's reverse from the 50-day EMA. The PI token faces more losses as a Pi Network moderator clarifies the ISO 20022 myth and advises users to wait for Pi core team announcements. Social conversation is down from last week's peak, indicating traders are less interested. After the ISO 20022 story dies down, PI loses popularity. On Sunday, Stellar wallet firm Lumexo revealed that the Pi Network is reaching ISO 20022 conformance, an open global financial communications standard. The ISO 20022 compliance myth now has an official venue, competing with blockchain-based cross-border remittance giants like Ripple's XRP and Stellar (XLM). Pi Network social conversation is falling as the moderator tries to squash the misinformation. According to Santiment, social dominance and volume dropped to 0.025% and nine social media messages on Sunday from 0.186% and 36 on Wednesday. In summary, ISO 20022 compliance clearance and low social interest suggest a drop in purchasing pressure. Technical outlook: Pi Network reversal targets $0.1919 Pi Network falls below $0.2400 at press time on Monday, risking another downturn after reversing from the 50-day EMA on May 21, June 25, and August 10. Reversal from average line might challenge $0.1919, October 11 low support. The $0.1533 low from October 10 would be the final defense if mobile mining cryptocurrency fell below this level. However, a comeback above the 50-day EMA at $0.2589 might prolong the momentum indicator trend. In such situation, the PI token might touch $0.3220, the August 1 low. #pi #MarketPullback #BTCReserveStrategy $BTC $SOL $BNB ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/03/985546c00f20c3bbf39af21d5c5b4bcb.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}

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