Pi Network Price Faces Rejection at $0.29, Could This Signal a Deeper Correction?

Pi Network price has experienced renewed selling pressure after a sharp rejection at the crucial $0.29 resistance level. The current price action shows signs of weakness and could extend towards the critical $0.19 support zone. analysts attribute this rise to expanding DeFi applications and increasing institutional interest. However, the recent decline following the rejection suggests a potential for further downside movement.