Pi Network Faces Resistance Near $0.70, Struggles to Break Bearish Trend

Pi Network is experiencing a period of bearish pressure, struggling to break through the resistance level near $0.70. While a significant $100 million fund has been allocated to support ecosystem development, market sentiment remains cautious as trading activity remains subdued. 2023 saw Pi’s price surge, followed by a decline in recent weeks with key support and resistance levels dictating its near-term outlook.