Currencies

Pi Network (PI) recovers by 1% at press time on Wednesday after six consecutive bearish candles. The technical outlook indicates a bearish inclination in the days leading up to July’s biggest token unlock, while sentiments remain muted following the Pi2Day announcements.  Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of weakness mid-week as bullish momentum continues to fade. BTC extends its decline to trade below $106,000, while ETH and XRP slip below their key support levels, raising concerns of a deeper correction on the horizon. If BTC continues to face a pullback...