Pi Network (PI) is trading near $0.1700 at press time on Friday after losing over 5% the previous day. Deposits on Centralized Exchanges totaled over 2 million PI tokens in the last 24 hours, suggesting a profit-taking from investors amid the second rounds of mainnet migration. The technical outlook for the PI token is bearish following a daily close below the $0.1736 support level, with the next line of defense at $0.1556