๐๐ ๐๐๐ฉ๐ฌ๐ค๐ง๐ ๐๐ฃ๐๐จ 7-๐๐๐๐ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐๐ฉ๐ ๐ ๐ฝ๐๐ฃ๐, ๐๐๐ง๐โ๐จ ๐๐๐๐ฉ ๐๐๐ญ๐ฉ ๐๐ค๐ง ๐๐ ๐พ๐ค๐๐ฃ
๐ฟ๐ ๐ฝ๐๐๐ ๐๐๐ (๐ฟ๐ธ) ๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐๐๐๐ 15% ๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ 24 ๐๐๐๐๐. ๐ฟ๐ ๐ฝ๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐ $0.61 ๐๐๐๐๐ข, ๐น๐๐๐ 25, ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐ ๐๐ข 66% ๐๐ $196 ๐๐๐๐๐๐๐. ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐ฟ๐ ๐ฒ๐๐๐ ๐๐๐ ๐๐ ๐ ๐๐๐๐๐-๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐, ๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐ข๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ ๐ ๐๐๐๐๐ข ๐๐ $1 ๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐.
Pi Coin price has been on a massive bull run in the last three days. During this time, the price has moved from a multi-week low of $0.47 to hit a weekly high of $0.62, per CoinMarketCap data. This rally has led to a decisive close above the upper boundary resistance of a falling wedge pattern.
A falling wedge pattern usually indicates that the downtrend is growing weak and bulls are attempting to take control of the price action. However, the bullishness of this pattern is only confirmed when the price moves above the upper boundary.
Currently, Pi Network price has formed a strong 4-hour candlestick above this upper boundary resistance, indicating that the breakout is strong. This means that bulls now have control over the coinโs future price movements. This setup mirrors a previous article by CoinGape, noting that Pi Coin price may rally if there is de-escalation in the Iran-Israel conflict.
The target price from this bullish breakout is a 30% rally that mirrors the height of this pattern from the May 17 swing low of $0.66 to the May 21 swing high of $0.86. If Pi Network were to surge by 30% from its current price, it could very easily reach $0.78.