Pi Network edges lower on Friday, extending its losses for the third consecutive day. The 127.2% Fibonacci extension level, measured from $0.1998 to $0.1183, at $0.0961, capped the minor recovery from last week. From a technical perspective, PI maintains a broadly bearish bias, with its decline extending within a falling channel pattern on the daily chart. The key support for PI emerges at the 161.8% Fibonacci extension level at $0.0679.
Bitcoin price trades at $65,300 on Friday, with a neutral-to-slightly bullish near‑term tone as spot action holds just above the 50‑day Exponential Moving Average (EMA) at $65,145 while still trading beneath the 100‑day and 200‑day EMAs at $67,980 and $74,094, respectively. This configuration suggests the bounce from the recent base is gaining traction but remains a corrective move within a broader capped structure.
Ethereum (ETH) is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin’s open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7. Open interest is the total worth of outstanding contracts in a derivatives market. Earlier in July, when ETH began its recovery, OI remained flat before the slight rise this week.
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