{"id":12398,"date":"2026-08-26T09:45:15","date_gmt":"2026-08-26T09:45:15","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12398"},"modified":"2026-08-26T09:45:15","modified_gmt":"2026-08-26T09:45:15","slug":"pi-holds-above-0-085-support-as-crypto-market-recovery-loses-momentum","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12398","title":{"rendered":"Pi holds above $0.085 support as crypto market recovery loses momentum"},"content":{"rendered":"

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Key takeaways<\/span><\/p>\n

    \n
  • Pi Network trades around $0.0900 on Wednesday, maintaining mild upside momentum above the critical $0.0853 support.<\/span><\/li>\n
  • The broader cryptocurrency market is retreating as investors take profits following last week\u2019s double-digit gains.<\/span><\/li>\n
  • A break above $0.1022 could open the path toward $0.1204.<\/span><\/li>\n<\/ul>\n

    Pi Network is showing modest upside movement on Wednesday, with PI trading around $0.0900 and remaining above an important technical support level.<\/span><\/p>\n

    However, the broader cryptocurrency market\u2019s recovery is losing momentum as investors lock in profits following last week\u2019s sharp gains. PI\u2019s technical indicators also remain mixed, reflecting a lack of decisive buying pressure.<\/span><\/p>\n

    Profit-taking slows the crypto market rally<\/h2>\n

    The broader cryptocurrency market is edging lower this week after several major assets recorded double-digit gains during the previous week.<\/span><\/p>\n

    CoinGlass data shows that approximately $373 million in leveraged positions was liquidated over the past 24 hours. Long positions accounted for $310 million of that total, indicating that the latest pullback caught bullish traders off guard.<\/span><\/p>\n

    The elevated long liquidations suggest renewed selling pressure as investors reduce risk and take profits from the recent rally.<\/span><\/p>\n

    Despite the pullback, overall market sentiment remains strongly positive. CoinMarketCap\u2019s Crypto Fear and Greed Index stood at 80 on Wednesday, placing the market firmly within the \u201cextreme greed\u201d zone.<\/span><\/p>\n

    The reading indicates that bullish sentiment persists even as traders assess whether the current decline is a temporary correction or the beginning of a broader reversal.<\/span><\/p>\n

    Pi Network holds above the $0.0853 support<\/h2>\n

    Pi Network trades near $0.0900 at the time of writing, maintaining a neutral short-term outlook.<\/span><\/p>\n

    The token remains above the 23.6% Fibonacci retracement level at $0.0853. This level is calculated from PI\u2019s decline between the $0.1341 high and the $0.0703 swing low.<\/span><\/p>\n

    As long as PI holds above $0.0853, buyers may retain an opportunity to extend the recovery. However, the token needs stronger momentum to overcome the resistance levels above its current price.<\/span><\/p>\n

    The 50% Fibonacci retracement level at $0.1022 represents the next major barrier for Pi Network.<\/span><\/p>\n

    This level rejected PI\u2019s recovery attempt in mid-July, reinforcing its importance as a potential supply zone. A decisive daily close above $0.1022 could strengthen the bullish outlook and extend the advance toward the 78.6% Fibonacci retracement at $0.1204.<\/span><\/p>\n

    Such a breakout would also move PI above the psychologically important $0.1000 threshold, potentially attracting additional buying interest.<\/span><\/p>\n

    Pi Network\u2019s momentum indicators show signs of stabilization but do not yet confirm a strong bullish trend.<\/span><\/p>\n

    The Moving Average Convergence Divergence indicator remains marginally above its signal line on the daily chart. This position points to a slight bullish bias, although the narrow separation between the lines reflects weak momentum.<\/span><\/p>\n

    Meanwhile, the Relative Strength Index stands near 51. The neutral reading suggests that buyers and sellers remain relatively balanced, leaving PI vulnerable to broader market movements.<\/span><\/p>\n

    \"PI\/USD<\/p>\n

    The $0.0853 Fibonacci level remains the immediate support to monitor. A confirmed daily close below this level could invalidate PI\u2019s near-term recovery outlook and increase selling pressure. In that scenario, the token could revisit the $0.0703 swing low.<\/span><\/p>\n

    Conversely, continued consolidation above $0.0853 would preserve the possibility of another attempt to break the $0.1022 resistance.<\/span><\/p>\n

    \n
    \n
    Share this article<\/h6>\n
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    Analysis,pi#holds #support #crypto #market #recovery #loses #momentum1787737515<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways Pi Network trades around $0.0900 on Wednesday, maintaining mild upside momentum above the critical $0.0853 support. The broader cryptocurrency market is retreating as investors take profits following last week\u2019s double-digit gains. A break above $0.1022 could open the path toward $0.1204. Pi Network is showing modest upside movement on Wednesday, with PI trading<\/p>\n","protected":false},"author":1,"featured_media":12399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12398","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\nPi holds above $0.085 support as crypto market recovery loses momentum - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Pi Network is holding above the key $0.0853 support as momentum remains fragile, with bulls targeting $0.1022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12398\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi holds above $0.085 support as crypto market recovery loses momentum\" \/>\n<meta property=\"og:description\" content=\"Pi Network is holding above the key $0.0853 support as momentum remains fragile, with bulls targeting $0.1022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12398\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-26T09:45:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-26-2026-09_35_59-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1774\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12398\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12398\",\"name\":\"Pi holds above $0.085 support as crypto market recovery loses momentum - 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