#pi Network Eyes Big Comeback! ๐ฅ๐
๐ After plunging over 60% from its May high of $1.66, Pi Coin (PI) hit a low of $0.5370 โ but a bullish reversal may be brewing! ๐
๐ Why?
๐น A Falling Wedge pattern has formed โ a classic signal of a bullish breakout
๐น MACD momentum flatlining โ signals consolidation
๐น Donchian Channels tightening โ low volatility = investor accumulation
๐ If breakout occurs, next major target: $1.00 ๐ฏ (an 85%+ upside!)
โ Breakdown below $0.3940 invalidates the bull case
๐ Upcoming Catalysts:
๐ Pi Day 2 on June 28 (aka Tau Day) โ may reignite excitement ๐
๐ .pi domain auction ends same day with 3M+ bids & 123K+ active bidders
๐ฎ Ecosystem expanding: new apps like FruityPi ๐ keep users engaged
๐ฐ Rate cut rumors from the Fed could fuel crypto momentum globally
๐ฌ Big Picture:
Piโs initial hype fizzled post-mainnet, but technical patterns and ecosystem developments suggest itโs coiling for a potential sharp rebound ๐ซ
๐ Keep eyes on resistance breaks & volume spikes โ this stealth setup might soon roar to life. ๐
Thankyou
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