bitcoinFeature
Pi Network drops 0.64% as Bitcoin nears $75K post-election
The Pi Network (PI) saw an intraday dip of 0.64% on October 27.
Trading activity has slowed considerably, with volumes falling 27% to reach $2.58 million.
Currently, the PI price sits just 7.9% above its lowest recorded point, which is $0.0705.
Over the past month, the Pi Network price has experienced a decline of 16%.
Despite this downturn, the asset is holding steady around the $0.075 support level.
Technical indicators point toward a specific scenario: how low PI could fall if Bitcoin slips beneath $75K following the US Midterm Elections.
The analysis detailing this potential price action was initially published on CoinGape.
Why it matters
This highlights Pi Network's current volatility as it trades near its all-time low. Market sentiment remains tied to broader crypto movements, such as Bitcoin's price action after the US Midterm Elections.
