Why PI’s Breakout Wasn’t What It Seemed: Network Nears All-Time Low

Last week, the PI token attempted a bullish breakout, breaking above a descending parallel channel that had capped its price for several weeks. However, the rally was short-lived. PI failed to hold onto its gains and quickly retraced, signaling what now appears to be a textbook dead cat bounce. PI Faces Heavy Sell Pressure A dead cat bounce is a temporary, short-lived recovery in the price of an asset in a prolonged downtrend source: https://beincrypto.com/pi-network-price-eyes-all-time-low/