Pi Network (PI) Defies the Latest Market Pullback: Major Rally Ahead or Bull Trap?

The latest US CPI report poured another cold shower on the cryptocurrency market, triggering further declines in countless digital assets, including BTC, ETH, XRP, and more. Recall that inflation in the world’s largest economy for October came in higher than expected, meaning that the Fed is now more likely to increase interest rates at its next meeting: a development that is viewed as bearish for the industry. Despite the renewed downfall, a handful of tokens escaped the red wave, and interestingly, one of them is Pi Network’s PI. The big question is what might have caused its sudden resurgence and what the next potential targets are. Bulls Take Control?

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoPotato.