Pi Network (PI) Defies the Last Market Pullback: Major Rally Ahead or Bull Trap? The recent US CPI report negatively impacted the cryptocurrency market, leading to a decline in major assets such as BTC, ETH and XRP, while increasing the likelihood of an interest rate hike by the Fed. • The Pi Network ticker showed a surprising recovery from a recent all-time low, rising to $0.072 due to technical factors and anticipation of the upcoming top of the ecosystem set for November 17-19. • Analysts suggest that while PI Currently gaining momentum, there is a risk of a "selling-the-news" event after the summit, which could lead to a significant drop in prices similar to previous occurrences.

Pi Network (PI) Defies the Last Market Pullback: Major Rally Ahead or Bull Trap? The recent US CPI report negatively impacted the cryptocurrency market, leading to a decline in major assets such as BTC, ETH and XRP, while increasing the likelihood of an interest rate hike by the Fed. • The Pi Network ticker showed a surprising recovery from a recent all-time low, rising to $0.072 due to technical factors and anticipation of the upcoming top of the ecosystem set for November 17-19. • Analysts suggest that while PI Currently gaining momentum, there is a risk of a "selling-the-news" event after the summit, which could lead to a significant drop in prices similar to previous occurrences.