Pi Network Analysis: Between Support & Potential Turnaround
Pi is holding steady around $0.64 today. A major move—200M PI tokens was recently shifted from liquidity reserves to a private wallet, flagged as OTC accumulation by analyst “Moon Jeff” . This hints that large holders are quietly building positions ahead of Pi Day 2 (June 28) and rumored exchange listings.
Technically, Pi has formed a triple-bottom pattern near the $0.61–$0.62 zone—often a bullish formation suggesting a possible 35% upside to around $0.82 if support holds . Resistance lies around $0.66, a key level to watch. Failing it may pull price back to $0.61 and possibly $0.57 .
Fundamentally, sentiment is mixed. On one hand, deep-pocket accumulation and ecosystem milestones like Pi Day 2 are positive. On the other, bearish indicators from the Ichimoku Cloud and low exchange-reserve volumes suggest caution remains .
Summary:
Bull case: Support holds, whales accumulate, triple bottom may trigger rally to ~$0.82–$0.90. Exchange listing rumors add fuel.
Bear case: Break below $0.61–$0.60 triggers drop to $0.57; indicators warn of continued bearish pressure.
For long-term holders, Pi’s low price may present an entry. But prepare for volatility—maintain patience, monitor the $0.61–$0.66 band, and follow upcoming Pi Day 2 updates.
#PiNetwork #CryptoAnalysis #PiDay2
Not financial advice.
