Pi Coin Faces challenges but Hints at a Rebound
Pi Coin (PI) has seen a significant drop as May, reflecting fading excitement and reduced trading activity. The price fell over 60% from its peak, hitting $0.5370 on June 21.Its 24-hour trading volume also plummeted from $3 billion to $74 million. This downturn followed the mainnet launch in February.
Despite the decline, there are signs of a possible turnaround. The price is forming a bullish wedge pattern, a classic indicator of an upcoming price surge. this pattern, visible on the eight-hour chart, suggests a potential recovery.The MACD indicator
