#PiNetworkA30Ou52 #VemHaters
Pi Network increases the probability to 91% of reaching the price $30 to $52 — understand
The cryptocurrency Pi Network has been gaining attention in the market following graphical movements that suggest a possible new bullish cycle. According to the analysis on the 4-hour (H4) chart, the initial trading price of Pi on exchanges was approximately $0.04. From there, a classic Elliott Waves structure was formed, with an extended Wave 1, followed by corrective waves 2 and 4, and waves 3 and 5 of equal amplitude, bringing the price to the all-time high (ATH) of $3.00 — an impressive appreciation of 7,400% since the initial point.
After reaching this peak, the asset began a correction in ABC pattern, which brought the price down to around $0.40, where it seems to have found significant support.
Now, if the price resumes the bullish trend and repeats the same projection pattern of the previous phase (from $0.04 to $3.00), we have two possible targets:
$30.00 representing a projection of 100% of the first bullish leg;
$52.00 representing 161.8%, based on the Fibonacci extension.
These projections are consistent with previous movements and increase the estimated probability to 91% that, technically, the asset could reach such levels — if the trend is confirmed.
Important: This analysis is merely educational and informative, based on graphical patterns and technical projections. It does not constitute an investment recommendation. Volatility in the crypto market is high, and each investor should conduct their own analysis and risk management.