PiNetwork

#PiNetwork is waking up… and the bulls are circling! 🐂📈

💥 After a jaw-dropping 80%+ rebound from April’s lows, $PI is showing signs of a bottom — and the charts are starting to glow green! 📊🔥

🧠 Smart money is watching.

🦍 Real ones are holding.

🚀 Could this be the start of the next mega rally?

The quiet phase is ending.

The accumulation phase is almost over.

What comes next?

➡️ Liftoff.

👀 Stay locked in. Watch the candles.

The Pi is heating up — and it might just be ready to serve! 🥧🔥

Pi Network is standing at a crossroads: although its price has slightly declined in recent weeks, technical indicators suggest a possible sharp rally of up to 35%. The key reason? A forming triple bottom pattern, which often precedes strong bullish moves.

⚠️ Pi Holds Crucial Support as Volatility Drops Sharply
Pi Network is currently trading around $0.64, a critical support level. The price has fallen 2.35% since the start of the month, but the decline in volatility might be a sign that a big price swing is coming.
Bollinger Bands, a classic volatility indicator, have significantly narrowed in recent days — a setup that usually precedes explosive price movement, either up or down.
A similar narrowing occurred between April and May, followed by a sharp rally that delivered triple-digit gains.

🔍 ATR and On-Chain Data Confirm Market Tension Before a Breakout
Another sign of low volatility is the Average True Range (ATR), which tracks the average price movement over time. ATR recently dropped to 0.0136, the lowest level since May 7, confirming that the market is in a “compressed” state, ready to pop.
On-chain data from PiScan supports the bullish outlook — more than 72,000 Pi tokens were withdrawn from centralized exchanges (CEXs) in the past 24 hours, reducing sell pressure and hinting at growing investor confidence.

📊 Triple Bottom Pattern: A Classic Bullish Signal
On the 8-hour chart, Pi Coin is forming a triple bottom — a well-known reversal pattern that signals a potential end to the current downtrend. The three lows form a base, while the neckline serves as a key resistance level. A break above the neckline often triggers an upward breakout.
At the same time, technical indicators like the Relative Strength Index (RSI) and MACD show a bullish divergence, where price makes lower lows while momentum indicators form higher lows. This suggests growing strength that the price hasn't yet reflected.

🎯 How High Can Pi Coin Go?
If the price breaks above the neckline at $1.67, the projected target based on the pattern is $2.74. However, it must first clear several key resistance levels:

🔹 $0.86 – swing high from May 21

🔹 $1.00 – strong psychological barrier

🔹 $1.67 – May’s high and neckline
Only a decisive move beyond these levels would confirm the bullish trend and pave the way for further gains.

⛔ What If Things Go the Other Way?
If Pi Coin drops below the triple bottom’s support level of $0.60, the bullish outlook would be invalidated. This would open the door to a potential 30% plunge, taking the token back toward its historical low of $0.40.

#pi , #picoin , #CryptoNewss , #PiNetwork , #crypto

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