PI holds below $0.0800 as stablecoin plans emerge, but downside risks persist

Key takeaways Pi Network traded below $0.080 Wednesday after a 2% rebound the previous day. The Pi Core Team is exploring stablecoin integration intended to complement PI’s existing utility. PI remains below its 50-day and 200-day EMAs, with weak momentum keeping the near-term outlook bearish. Pi Network (PI) has dropped below $0.0800 on Wednesday after a modest rebound helped it avoid extending losses below last week’s low. The token traded around $0.07956, losing the previous session’s 2% gain. Meanwhile, the Pi Core Team reiterated its exploration of stablecoin integration as a way to broaden activity across the ecosystem.

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