Pi Network (PI) is nearing a critical resistance level on its daily chart, forming a symmetrical triangle pattern. The cryptocurrency has rebounded from support around $0.2160 and is currently testing resistance at $0.2485. A potential breakout is anticipated if PI surpasses the 100-day Moving Average near $0.2755, which could lead to a target of $0.3169, representing a potential upside of over 27%. However, failure to break through this resistance may result in continued price consolidation.
Pi Network Approaches Key Resistance with Breakout Potential
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
