The post Pi Network Pushes Global Utility Despite Bearish Price Trend: Is $0.55 Next? appeared first on Coinpedia Fintech News
Pi Coin is under pressure, currently trading just below $0.60 after dropping over 4% in the past 24 hours. The price is sliding toward lower support near $0.55, even as the overall crypto market trends upward.
One of the warning signs is the RSI (Relative Strength Index), which has fallen to 30 — a level that suggests oversold conditions. This means Pi may struggle to bounce back unless buying pressure increases. As long as Pi stays below its key trend line, analysts say the downtrend could continue in the short term.
What’s Driving Interest in Pi?
Despite the recent dip, Pi Network is making moves behind the scenes. Reports suggest the team is in talks with smaller e-commerce platforms in Southeast Asia and Africa. Their aim? To position Pi as a cross-border micro-payment option in regions where traditional banking is still limited.
At the same time, there’s growing speculation that HTX (formerly Huobi) — one of the top global exchanges with over $1.7 billion in daily trading volume — might be planning to list PI$PI soon. HTX recently posted a mysterious graphic featuring the Pi Network logo, sparking excitement across the community.
If the listing is confirmed, a major price rally could follow — especially given Pi’s large community and use-case potential in emerging markets.
Conclusion:
Pi Coin is facing short-term pressure, but strong fundamentals and exchange rumors could change the story quickly. Keep an eye on $0.55 support and any updates from HTX.