Price: $0.40 | Pattern: Falling Channel
Pi Network’s PI token is holding steady at $0.40 after bouncing inside a descending channel. Selling pressure is easing, and bulls are eyeing a breakout above the overhead trendline near $0.45 (50-day EMA) to confirm a trend reversal.
🌐 Market Context:
Crypto market cap hits $4.15T, boosting risk appetite.
Investor Greed Index climbs from 63 → 68.
Altcoin Season Index jumps to 41 (from 32 last month) — hinting a possible altseason.
📊 Key Levels to Watch:
Bull Trigger: Break above $0.45 could start the next leg higher.
Support: $0.37, then $0.33 (Aug 6 low).
With Bitcoin and BNB breaking ATHs, traders may rotate profits into mid- and small-cap plays — and PI could be a high-beta beneficiary.
#PiNetwork #Write2Earn @Binance Square Official #BTC #BNB #ETH
