Is Pi Network Poised for a Stunning Comeback in August 2025, or Is the 75% Loss Too Deep to Undo?
However, losing the $0.4 support would dent the possibility of the recovery and embolden bears to drag the altcoin to $0.09.
A fall in social volume
The market vibe was also off, as of press time. PI’s social volume or market interest across social networks has been on a downtrend since May.
A failed attempt to break the downtrend in mid-July didn’t spark a strong enough rally for the token.
Additionally, weighted market sentiment has been mostly negative over the past two months.
Source: Santiment
At the time of writing, the derivative markets also underlined muted interest, as shown by the low funding rates and declining Open Interest (OI).
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