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Pi Network price pares gains after 20% surge

  • Pi Network (PI) price has dropped 5% in the past 24 hours, trading around $0.58 following a 20% surge and subsequent profit-taking.
  • The recent price gain from lows of $0.46 to highs of $0.66 was bolstered by overall bullish sentiment in the cryptocurrency market.
  • Despite the decline, Pi Network could benefit from integrating generative Artificial Intelligence (AI) and upcoming updates to maintain community enthusiasm.
  • Technical indicators suggest a potential downturn for PI price, with key levels to watch being below $0.56 for a drop to $0.46 or a break above $0.63 for a move towards $1. Risks include geopolitical tensions and macroeconomic factors.

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