#Pi
trade pi now. . bullish sentimentsโคโคโคโค
๐๐ ๐พ๐ค๐๐ฃ ๐๐ง๐๐๐ ๐๐ง๐๐๐๐๐ฉ๐๐ค๐ฃ ๐ผ๐จ ๐๐๐ฌ โ๐ฝ๐ช๐ฎ ๐๐๐๐ฉ๐ช๐ง๐โ ๐๐ง๐๐๐๐๐ง๐จ 10.5๐ ๐๐๐๐ก๐ ๐ผ๐๐ฉ๐๐ซ๐๐ฉ๐ฎ- ๐๐จ ๐๐๐ก๐ก๐ฎ ๐ฉ๐ค $1 ๐๐ค๐จ๐จ๐๐๐ก๐ ๐๐ค๐ฌ?
Pi Coin price has dropped by 3% to trade at $0.461 today, July 23, with the daily trading volumes coming in at $107 million. Despite this drop, PI is attracting attention again because of two patterns that show the possibility of a rally towards $1 happening after the Pi Network team revealed a new
โBuy Feature.โ Whales seem to be reacting to this development after they moved more than 9 million tokens in the last 24 hours.
Pi Coin is showing signs that it has found a firm support level that is now setting the stage for the recovery towards $1. This is because of two bullish patterns: a double bottom and a rounding bottom that confirm sellers are not willing to sell the PI token below $0.42, and buyers might also be viewing this price to be the best level at which they can start buying more coins.
Interestingly, these two patterns seem to be facing resistance at $0.52, and if the traders who are on the buyer side decide to start filling their bags now and push the price above this level, the Pi Coin price may gain by 58% and reach $0.82.
However, the only way that the Pi Network token can reach $0.82 is if it first moves above the 61.8% Fibonacci of $0.57. If this happens and it reaches $0.82, the buying frenzy at this point will likely be high, and this will present a chance for PI to reach $1 as the 241.4% Fib level shows.