The cryptocurrency market continues to face pressure from rising geopolitical conflicts, especially between Israel and Iran, negatively impacting major assets like Ethereum and Pi Network.
Escalating Geopolitical Tensions
The market is witnessing an overall decline, particularly among popular cryptocurrencies. Ethereum (ETH) has dropped from a monthly high of $2,877 to around $2,425. This market downturn is linked to the rise in geopolitical tensions, significantly affecting investor sentiment.
Technical Analysis of Pi Network
Pi Network (PI) has lost about 8% of its value over the past week, extending its monthly losses to around 34%. The chart shows a pattern similar to the growth scenario seen in May 2025. At that time, the token was also in a long-term correction, and after breaking out, it saw a sharp 170% increase.
Outlook for PI
If the current pattern plays out, PI may attempt to recover to the level of $0.83. However, for this to happen, the price must reclaim the 100-period moving average at $0.5994 with strong volume. Until then, traders are advised to proceed with caution as market uncertainty remains.
The ongoing bearish trend in the cryptocurrency market, coupled with geopolitical tensions, underscores the need for careful analysis and confirmation before making investment decisions.
