Pi network Poised at crucial $0.33 Support Level
Pi Network is at a crossroads. The cryptocurrency is testing the critical $0.33 support level. If this support holds, it could set up a triple bottom, wich could signal a potential trend reversal.
Many traders think breaking above the point of control could fuel a surge towards $0.85.This progression requires notable bullish volume. Recent positive announcements, like the Stellar protocol 23 upgrade, haven’t sparked optimism among investors so far.
Historically, Pi Network has been on a downward path. The moving average has driven prices down, reinforcing the bearish stance. yet, the asset now teeters at a spot where it could swing the other way.Defending the $0.33 territory could spur accumulation and recovery. Conversely, falling below this level might deepen the decline.
- $0.33 is essential; a hold sets up a potential triple bottom.
- Reclaiming the point of control aims the price towards $0.85.
- Steady bullish volume is vital for confirming any uptick.
If Pi Network successfully defends the $0.33 support three times, an accumulation zone could crystallize.This area signifies a possible base for recovering from the downtrend.
To solidify the trend reversal, volumes need to visibly surge. Until then, Pi remains sensitive at its current position. A triumph over the $0.33 support leads to aiming at the point of control. Failing here could extend Pi Network’S prolonged bearish trend.
