Pi Rat E

#PiNetwork tops bitget on 24hr trading volume surpassing $BTC 🔥😵🙀

Potential bull run or further decline for #PiNetwork ?

Pi took support from current level 3 days ago. Showed some uptrend and declined to $ 0.79 again.
most of the crypto were bleeding in previous days. but pi showed some strength even though it correct around 70% from ATH.
Watchout whether it will take support again from current level to form a bullish double bottom pattern or come to $ 0.60 level.
One positive news is the integration of pi network into telegram's crypto wallet. Considering 1billion userbase of telegram, it might push #pi to mainstream

Disappointment for pioneers.
There wasn't any major announcement or exchange listing news from #PiCoreTeam about #PiNetwork . I wish they are really working hard in the background to bring some positive news in the coming days.
#pi technically formed a symmetrical triangle pattern and almost converged. breakout? or breakdown ahead?

#PiNetwork short term build-up before upcoming #pi day on march 14.

If you try to analyse #PiNetwork chart , you could under stand that current price of $1.65 is a really important level. It acted support and resistance several times. Short term future of #pi depend on the movement from this pivot point.

#PiNetwork is converging inside a descending triangle. potential breakout or break down before march 14, the pi day. Any positive news could cause break out. If they once again extend kyc deadline that can bring #pi price further down.

Unless there is any exchange listing news or any industry adoption news before 14th march, #PiNetwork price may continue to decline. Because huge amount of pi coin is being unlocked daily in the recent days. 9 million coin unlocked today, on march 17 a whopping 23 million will be unlocked. It will increase the supply and sell pressure from profit taking and eventually price will come down. If there is no more grace period extension beyond march 14, and core team decide to burn unverified coins that will induce some demand, which may cause surge in price. If they extend deadline again price may drop.

Is this market manipulation or dumping?
#PiNetwork Falls to 1.3 from 1.51 in a single minute following huge 50x volume surge. Around 28% correction from the 24 hour high. Are they dumping or purposefully crashing so that they can buy back from the bottom?

Some big fish tried to manipulate #PiNetwork . In this 1 minute chart, till 18:33 utc , volume per minute was around 10k to 60k. All of the sudden next minute 18:34 utc, volume surged to whopping 1.8M. huge sell order from a whale crashed the price to 1.51 from 1.76. later price recovered to 1.65 . The whale might have bought back at lower price too, see increased volume thereafter and price catchup. Whales manipulate, retailers panic sell, then whale accumulate at lower price. This cycle repeats everywhere . So retailers please #HODL

#PiNetwork currently ranked #11 on @CoinMarketCap . earlier it was around #3000+ then #201 and now #11 . This will definitely bring Pi to mainstream . Another intriguing thing is when other crypto falls pi rises, when others rise pi falls. I have noticed this Opposite nature on 3 occasion in past 7 days. I think Pi is common people's crypto. Market manipulators have least control over Pi since most coin are in the hands of millions of pioneers, not in the hands of few whales

#PiNetwork showed some weak upward momentum today after that bearish sentiment of the past 3-4 days.
#Pi was in a descending triangle, and it broke the resistance to reach a high of 1.95 from the low of 1.52. Now that resistance may act as support. But that isn't strong enough i guess, still looks bearish, Hoping for a strong reversal .

#PiNetwork have reduced their base mining rate to 0.0029 pi/hour. Earlier it was 0.0047 pi/hour. So without any referral, security circle or lockup bonus you may get around 25 pi per year. As of now 60 Millions pioneers mines around 1.5 billion coin annually with base mining rate only. keep in mind that max supply will be 100 billion. they are really squeezing the supply, with lockup, unverified pi forfeit, now base mining rate also reduced which isn't a surprise, they already done it in the past, and it will be reduced in the future too. This supply squeeze might push the price further
Better late than never. early adopters will enjoy the show others may only regret
#pi #PiCoreTeam

#pi #Pinetwork #binance
Pi is in a slight bearish mood in a descending triangle for past few hours. Currently on a price level support of 1.9 and on a trend line support. Every pioneer wish #pi to stay in that ascending channel. Many of them were expecting @Binance Square Official to post about Pi listing on 1st march 4pm, but it wasn't about pi. The disappointment reflected in price of pi too. Pi fell to 1.82 from 2.08 and later recovered to 1.96. Falling from the current support may pull the price to 1.67, where as any positive news may push to the resistance of 3 again, or it may consolidate between 1.8 and 2.35. If the resistance of 3 get broken price may go further up to 5.7.
Even though #cryptocurreny market is in fear mood, there are positive news. Coins like $BTC $ETH $BNB have recovered, and experts predicting #altcoinseason ahead. Donald trump to host #crypto_summit on march 7. Really hope for a rally ahead.