#Pi
๐๐๐๐๐ ๐๐๐ . . . โคโคโค๐๐๐๐๐๐๐๐
๐๐ ๐๐๐ฉ๐ฌ๐ค๐ง๐ ๐๐ง๐๐๐ ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ: ๐๐๐๐ฉ ๐๐จ๐ง๐๐๐ก ๐๐ง๐๐ฃ ๐๐๐ง ๐๐๐๐ฃ๐จ ๐๐ค๐ง ๐๐ ๐พ๐ค๐๐ฃ
Pi Network (PI) is up by 6% today, June 24, to trade at $0.534, as it reflects the gains across the rest of the crypto market. These gains came amid reports that Israel and Iran had agreed on a ceasefire agreement, before it later emerged that the deal had been violated. Nevertheless, Pi Network price has held on to its gains, and this has drawn speculation from holders about what this geopolitical situation could mean for Pi Coin.
Pi Network has been trading within a falling wedge pattern for nearly two weeks. The price is currently testing the upper resistance, indicating that the bullish momentum could be growing after the recent gains fueled by ongoing developments in the Israel-Iran conflict.
Pi Coin is now trading close to this resistance level, and has tested it several times since the rally commenced, indicating that bulls are targeting a breakout. If this breakout occurs accompanied by strong buying volumes, it will pave the way for a reversal to the upside.
The breakout rally from this bullish reversal setup will mirror the height of this pattern, which, in this case, suggests that a 15% rally could be imminent. If Pi Coin can make a decisive close above this resistance on the four-hour timeframe chart, the price could reach $0.62.
The RSI also confirms the bullish thesis that the Pi Network price may surge after it reached 53 following a bounce from the oversold region. If this indicator continues to make higher highs, Pi Coin price may continue the upward trend.