Has Pi Network price rally lost steam as open interest sinks?

Pi Network price has fallen to $0.090 after its Protocol v25 launch triggered profit-taking, erased much of last week’s 39% rally, and returned sentiment to fear. Summary Pi Network price has retreated to $0.090 after sellers rejected the rally above $0.10. Futures open interest has fallen to $9.6 million as traders reduce leveraged exposure. A break below $0.0895 could expose support at $0.085 and $0.080. According to data from crypto.news, Pi Network (PI) price briefly reached $0.102 on July 20 after rebounding from its July 14 record low near $0.0704. Buyers failed to hold the token above $0.10, however, and the subsequent retreat left late entrants exposed as traders unwound positions accumulated before the network upgrade. Protocol v25 went live on July 22 with BN254 cryptography and Poseidon hashing, which give developers new tools for privacy-preserving smart contracts and zero-knowledge applications. The Pi Core Team described the update as primarily focused on “improving network stability and reliability,” but the launch produced no immediate increase in application usage or demand for PI. Supply pressure has added another obstacle. PiScan data previously showed about 127....