A Sustainable Recovery for Pi?
The Pi Network token is currently showing a 4.73% increase over the past 24 hours, erasing losses from the previous weekend. However, investors should remain cautious, especially with the recent drop in Bitcoin below $110,000.
On a daily chart, prices display a strong downward trend, although the pace of this trend has slowed since late July. Despite signs of a possible trend reversal, the lack of buying pressure indicates that a sustainable recovery for Pi Network is not imminent.
Short-term Outlook
On a 2-hour chart, despite a short-term bullish trend, vigilance is advised. Bulls have managed to break through a short-term resistance level, but Bitcoin’s weakness remains a major concern.
In summary, although Pi Network has shown signs of short-term recovery, the general trend remains bearish. Investors should therefore exercise caution in their decisions, taking into account the current context of the cryptocurrency market.
How to Buy PI on Bitget?
Currently, the Pi Network token is trading around $0.4928 on Bitget. This drop represents an interesting buying opportunity, particularly in anticipation of the mainnet launch. Here’s a buying guide:
- Create a Bitget account: Sign up on the website or Bitget mobile app. Complete identity verification (KYC) to access all features.
- Deposit funds: Add fiat currency (EUR, USD) via bank card or SEPA transfer, or use cryptocurrencies like USDT.
- Access the market: In the “Spot Trading” section, select the PI/USDT or PI/EUR pair to check the current price (approximately $0.36).
- Place a buy order: Choose a market order to buy immediately or a limit order to set a target price (for example, $0.35). Indicate the desired amount.
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