Skip to main content

Iranian police say 139 foreigners arrested over unrest in Yazd province

Iranian police said 139 foreign nationals have so far been arrested in the central province of Yazd for their participation in recent protests, the semi-official Tasnim news agency reported on Tuesday, without specifying their nationalities. Yazd, a predominantly desert province with a relatively small population above 1 million, was one of many provinces affected by nationwide protests in January. The protests, which started in December over economic hardships and quickly turned political, were repressed in the most violent crackdown since the 1979 Islamic Revolution. The official death toll stands at 3,117, although rights groups say many more people have been killed. US-based rights group HRANA has said that nearly 50,000 people have so far been arrested. Authorities blame Israel and the United States for fomenting the violence. "These (foreign) individuals played an active role in organising, inciting, and directing riotous actions, and in some cases were in contact with netwo...
Post a Comment

Pi Network price drops 42% amid skepticism over upcoming mainnet launch

The price of Pi Network (PI) IOU has taken a sharp downturn, dropping 42% in the past 24 hours, as growing doubts about its upcoming mainnet launch on February 20 weigh on investor sentiment. The steep decline reflects mounting skepticism surrounding the altcoin, particularly amid persistent rumors that Pi Network operates as a pyramid scheme. These concerns have made it increasingly difficult for the token to gain traction, with many investors remaining uncertain about its long-term viability. Bearish Sentiment Intensifies Technical indicators suggest that bearish momentum is accelerating for Pi Network (PI) IOU. The Relative Strength Index (RSI), which briefly entered overbought territory, has now seen a sharp reversal, indicating growing selling pressure. While the RSI remains above the neutral 50.0 level, the sudden downtick highlights the market’s hesitation. Historically, when assets enter overbought zones and then drop, further declines often follow. Adding to concerns, the Chaikin Money Flow (CMF) indicator, which measures capital inflows and outflows, has been trending downward since the start of the month. Despite occasional recoveries, the CMF has failed to sustain positive momentum, signaling that outflows continue to dominate inflows. Such trends indicate a lack of investor confidence, reinforcing fears that the token may struggle to regain lost ground in the near term. Key support levels and price outlook PI IOU currently trades at $72, after failing to establish $130 as a support level, triggering a sharp selloff. With selling pressure mounting, analysts warn that the price could face further downward pressure if confidence in the project does not improve. The next critical support level sits at $63—a break below this threshold could push the price down to $47, further deepening investor losses. Conversely, if PI manages to hold above $63 and rebound, it could make another attempt to breach the $130 resistance level. A successful push beyond $130, flipping it into a support level, would invalidate the bearish outlook and set the stage for a potential recovery. However, given the current sentiment, such a reversal remains uncertain without a shift in investor confidence. As the mainnet launch approaches, market watchers will be looking for signs of stability and stronger buy-side support. Until then, volatility and downside risk remain high for Pi Network’s price trajectory.

from Latest World News, International News | Breaking World News https://ift.tt/taLsq3R
Labels:

Comments

Post a Comment

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...
Post a Comment
Read more

US, Philippines kick off joint military drills in South China Sea with 16,000 troops

Some 16,000 US and Philippine troops kicked off the annual joint military drills on Monday in the West Philippine Sea (WPS), local media reported. WPS is the official designation by Philippines to the parts of the South China Sea that are included in the country's exclusive economic zone. The 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 US troops, making it the largest joint military drills between the two allies conducted in decades, local English daily Manila Times reported citing the military. A total of 14 nations, including Japan and India, will take part in the drills as observers amid mounting maritime tensions in the South China Sea. Contingents from the Australian Defence Force and the French Navy will also join the exercise as participants. Read also: China urges US to stop using Philippines as a pawn to destabilise South China Sea France will join the group sail but will only navigate on the edge of the Philippine E...
Post a Comment
Read more

US, Chinese defence chiefs hold first talks since 2022

US Defense Secretary Lloyd Austin spoke via video teleconference Tuesday with his Chinese counterpart Dong Jun in their first engagement in more than a year, the Pentagon said. They discussed bilateral relations as well as regional and global security issues, Pentagon press secretary Maj. Gen. Pat Ryder told reporters. "During the discussion, Secretary Austin emphasized the importance of continuing to open lines of military-to-military communication between the US and the People's Republic of China. "He also underscored the importance of respect for high seas freedom of navigation guaranteed under international law, especially in the South China Sea, and reiterated that the United States will continue to fly, sail and operate safely and responsibly wherever international law allows," Ryder added. Read also: US, China need 'tough' conversations, Yellen tells Chinese premier Austin reiterated that the US remains committed to its One China Policy, which is guide...
Post a Comment
Read more