#Pi

Hurry up trade now . . price is falling fast 😡🙏🙏🙏❤❤👍👍👍😍😍😍😍🤟👍

𝙋𝙞 𝙉𝙚𝙩𝙬𝙤𝙧𝙠 𝙋𝙧𝙞𝙘𝙚 𝙁𝙡𝙖𝙨𝙝𝙚𝙨 𝙒𝙖𝙧𝙣𝙞𝙣𝙜 𝙎𝙞𝙜𝙣 𝘼𝙝𝙚𝙖𝙙 𝙤𝙛 $10𝙈 𝙐𝙣𝙡𝙤𝙘𝙠𝙨

Pi Network (PI) is trading in the green today, July 3, amid a recovery across the broader crypto market. At press time, Pi Network price stood at $0.50 with a modest 1.63% increase in 24 hours. Despite these gains, bearish pressure is still facing this altcoin after it formed a bear flag pattern ahead of more than $10 million worth of unlocks tomorrow.

Pi Network price has created a bearish flag pattern, which usually confirms that a downtrend is set to continue after a short relief rally. The bear flag’s pole formed in late June when the Pi Coin price fell from $0.66 and recorded a swing low at $0.47.

The 28% fall from the June 25 swing high of $0.66 represents the height of the flag pole. If the price falls below the lower boundary of the ascending channel that currently shows a brief relief rally, it is possible that another 28% decline to $0.351 will happen.

In most cases, bear flag confirmations happen when the buy-side pressure marking the flag’s upward trend is not strong enough, and sellers re-emerge and force the price to drop. However, if the Pi Network price can break the upper boundary of the ascending channel, it will confirm strong buy-side pressure that may invalidate this bearish thesis.

As press time, both the RSI and the CMF indicators were attempting to move above the mean level of 50. If these indicators face rejection at the mean level, PI will likely lose the upward momentum and drop. However, considering that the crypto market is up today, buyers could push these indicators to bullish territory, and Pi Coin may avoid the 30% crash

Meanwhile, a recent CoinGape analysis noted that whales are moving Pi Coins from exchanges, which could be a good thing for the price. If these withdrawals continue, PI may avoid crashing to $0.351.