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3 COMPELLING REASONS WHY PI NETWORK (PI) PRICE COULD SKYROCKET:
The Pi Network is making a comeback with promising technical signals, strong community dynamics, and listing rumors aligning for a potential price surge of the PI token. Here are three compelling reasons to believe in its upward trajectory.
Pi Price Technical Analysis : Heading Towards an Explosive Trend ?
Technical data suggests that the Pi price is about to experience a significant surge. The gap between the Bollinger Bands has considerably narrowed in recent weeks, indicating decreasing volatility. This configuration often precedes a bullish explosion, similar to what happened last May when Pi jumped by nearly 200%.
Additionally, Pi Network has formed a double bottom at $0.40 with a resistance level at $1.66. This pattern, combined with a descending wedge, suggests a rebound to $1. Only a drop below the double bottom’s low point would invalidate this positive scenario.
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