PI Network (PI) is showing signs of a bullish reversal on the 4-hour chart, forming an Adam & Eve pattern — a sharp V-bottom followed by a rounded U-bottom. This formation often signals a shift from a downtrend into a potential uptrend.
Currently, PI is hovering near the 50 EMA at $0.3699. A strong close above this level could trigger a breakout, with bulls eyeing the 100 EMA at $0.3938 as the next target.
🚀 Why Investors Are Watching PI
PI Network recently invested in OpenMind, a U.S.-based AI robotics startup that raised $20M with backing from Pantera Capital.
This comes after PI’s $100M commitment announced on Pi2Day (June 28) — adding fuel to the bullish sentiment.
⚠ Community Buzz
Not everything is smooth sailing — a recent call for unpaid volunteer fact-checkers has sparked debate. Some Pioneers argue official channels should handle misinformation directly.
Bottom Line:
If PI breaks above the 50 EMA, the momentum could shift fast. But traders should watch both technical signals and community sentiment closely.
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