A cryptocurrency whale has accumulated over 376 million #pi tokens, valued at over $130 million, potentially establishing a price floor. For a sustained recovery, analysts indicate PI must break the key $0.40 resistance level, a barrier that has triggered repeated pullbacks.
Currently trading near $0.3558, the token's price action shows a converging triangle pattern. A breakout from this pattern could target the $0.40 zone. However, a failure to break this resistance could lead to another decline without broader market support.
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