Pi Network Price Forecast: Analysts See Monster Rally Should This Key Event Set off the Breakout

Though stability in the larger crypto market has helped the Pi Network (PI) price to swing lower once more, analysts believe that an imminent major event could cause a sharp reversal in PI's fortunes.

PI was last changing hands around $0.61, having dropped below its 21DMA on a bearish breakout from a short-term pennant pattern.

Pi Network Price Forecast: Analysts See Monster Rally Should this key event set off the suggested breakout, short-term price risks point toward the negative. The near-term negative technical view matches bearish token foundations$BTC