PI is up 2% today, trading back and forth around $0.08, but this rally looks clearly weak: the price is stuck below the descending trendline at $0.0823, and futures open interest has plunged 14% to just $8.94 million. Derivatives traders simply haven’t returned to take part in the rebound. Support sits at $0.0774 and $0.0704, and a drop below $0.08 could happen any minute. The broader market is getting battered, so if PI wants to show independent strength, it needs to get above $0.0823 first. #PiNetwork #cryptocurrency