Pi Network Token Faces Resistance at $0.30 Amid Ecosystem Growth Speculation
Pi Coin (PI) dropped 3% to $0.216, continuing its weeks-long consolidation despite its 60-million-strong community and ongoing utility discussions. The token remains stuck in a technical pattern, with key resistance between $0.245-$0.255 and a critical breakout level at $0.29-$0.30.
Market analysts observe a right-shoulder pattern forming—a potential sign of upcoming volatility. Current support at $0.215-$0.220 appears weak, and a breakdown could push prices toward $0.19. The $0.152 swing low serves as a crucial safety net for bullish traders.
Rumors of Pi Network integrating with the stellar ecosystem have failed to lift prices. Experts suggest that holding above $0.22, followed by a clean break past $0.30, could spark rallies toward $0.33 and $0.36 targets.
