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$PI coin Technical analysis short term ;- Support and Resistance Levels: Support: Established around $0.70, aligning with the lower boundary of the descending wedge pattern and previous price floors. Resistance: Identified near $1.10, corresponding to the 50-day SMA and recent price ceilings. Chart Patterns: Analysts have observed that PI is trading within a descending wedge pattern, typically considered a bullish formation. A breakout above this pattern could signal a reversal of the current downtrend. $PI follow for more updates...🙂

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Pi Coin (PI) has been on a downward trend recently, causing concern among investors. After hitting highs of nearly $3, its value has steadily declined, now hovering around $0.80. With increasing selling pressure and uncertainty, there's a growing risk that PI could drop further, potentially testing the $0.6 support level. Several factors are contributing to this decline. Delays in Pi Network’s mainnet launch have created doubts among traders, while the lack of major exchange listings continues to limit liquidity and demand. Additionally, recent token unlocks have increased supply, putting more downward pressure on the price. Despite the bearish trend, this could also be a crucial setup for a future rally. If PI manages to hold above $0.6, it could serve as a strong foundation for a breakout. Some investors see this potential dip as a buying opportunity, expecting a rebound if market conditions improve. However, if the price breaks below $0.6, it could lead to further declines, shaking investor confidence even more. For those following Pi Network closely, the next few weeks will be critical. If the project delivers positive updates—such as an official mainnet launch or major exchange listings—PI could regain momentum. Otherwise, the downward pressure may persist. Right now, the best approach is to stay informed and watch key price levels. Whether this dip leads to a recovery or further losses will depend on how the market reacts to upcoming developments. $PI

$PI On the rise ⭐