Pi Network (PI) extends a mild recovery on Friday, marking its fifth consecutive day of trading in the green as risk appetite in the broader crypto market improves. The technical outlook for PI is mildly bullish, with bulls eyeing the $0.1000 breakout.

Crypto market’s recovery improves Pi Network recovery odds

The broader cryptocurrency market is extending its recovery so far this week, following the announcement of US Treasury long-term bond buybacks. The liquidity-support buyback increased to $4 billion, from $2 billion, lowering yields and renewing risk-on sentiment for high-risk assets.

CoinMarketCap’s Fear and Greed Index at 69 on Friday suggests a firm bullish sentiment among crypto investors, increasing the odds for a rebound in…