#PiOnBinance
The PI coin on the brink of collapse - is it ready to explode or to decline further?
The PI coin is witnessing a notable rise! After dropping another 2% today, it has now stabilized at $0.5795, testing a critical support level at $0.5755.
The coin has decreased over 80% since its all-time high in February, and the increasing supply has put pressure on it. But here’s the surprise: there may be something big hidden behind the scenes.
Based on the 90-year-old Wyckoff theory, PI may be in an 'accumulation' zone - where big investors are quietly gathering their coins before a significant rise.
Prices are currently moving in a narrow range with declining trading volume - a clear signal that the calm may soon turn into a storm. If PI surpasses the $0.6100 level, it could trigger fear of missing out (FOMO) and push the price to $0.6600 or higher.
But be cautious - if the price falls below $0.5755, the downward trend could quickly reverse, with support at $0.5500.
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