A comprehensive analysis of Pi Network (Pi Network) Today we discuss Pi Network, one of the interesting cryptocurrencies that has attracted attention recently due to its price movements and community performance. This currency has a wide fan base, especially among the miners who started mining it since the launch of its project via the smartphone application. Currently, the price of Pi Network is approximately $1.41, and it ranks 11th in terms of market capitalization. Market Cap: $9.78 billion. 24h Volume: $480 million. Recent decline percentage: 2%. Can Pi reach astronomical numbers? Many holders of Pi are eager to see high prices like $100 or $300, but it's important to be realistic. Despite good liquidity and high market cap, reaching these prices in the near term is considered far-fetched. In financial markets, especially cryptocurrencies, there is a simple equation: the more the circulating supply increases, the more difficult it becomes for the price to rise to astronomical levels. Therefore, realistic expectations indicate that the currency could reach $10 or $20 if the project continues successfully and demand for the currency increases, but reaching hundreds of dollars in the near future is unlikely. Technical chart analysis of Pi Network By reviewing the chart for Pi, it can be observed that it is moving within a sideways price channel tilted downwards. Despite the recent decline of 16%, there are strong support areas where positions can be reinforced. Key support levels: $1.30: An important support level from which the currency could bounce back. $1.15: If the price breaks the first support, this level represents a strong reinforcement area. $0.85: In the worst-case scenario, this is a strong support level that reflects buyer interest. Expected resistance levels: $1.54: The first nearby resistance that must be surpassed to confirm an upward reversal. $1.77: A medium-term resistance, breaking it represents an opportunity to reach higher targets. $2.00: An important psychological barrier, if broken, we could witness a strong upward wave. Inverted Head and Shoulders Currently, the currency is forming an Inverted Head and Shoulders pattern, which is typically considered a bullish reversal pattern. If the pattern completes and the price successfully breaks the neckline, the technical target will be: First target: $2.65. Second target: $3.00. Optimal trading strategy for Pi Network Gradual entry: If you wish to invest, it is better to enter gradually at the mentioned support levels. Close monitoring of resistances: Make sure to keep track of resistance levels, as they can be used to identify sell points and take profits. Risk management: Do not invest all your capital at once. Use a position reinforcement strategy if the price drops further. Summary The Pi Network currency is still moving within a tilted sideways range. Despite some exaggerated expectations, reaching $100 or more requires years of development and institutional adoption. If the price maintains the $1.30 level, we may witness a positive reversal with targets reaching $2.65. The most important thing is smart risk management and not getting carried away by unrealistic dreams. Good luck everyone! Disclaimer: Includes opinions from third parties. Not financial advice. May contain sponsored content. Please see terms and conditions.