PI holds steady, defying the broader crypto market downtrend
- Pi Network trades flat for the third consecutive day as risk-on sentiment declines in the cryptocurrency market.
- A scheduled network outage will temporarily disable signup and login features on Thursday.
- CEXs’ reserves continue to decline, indicating that traders are acquiring PI at discounted levels.
Pi Network (PI) price trades above $0.2700 at the time of writing on Thursday, taking a sideways shift after Monday’s 19% drop. The mobile mining cryptocurrency holds on thin ice amid the broader cryptocurrency market downtrend and a scheduled network outage on Thursday.
Furthermore, the net outflows from Centralized Exchanges (CEXs) reserve indicate the bullish struggle to absorb incoming supply pressure.
