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Pi Coin Primed for Mid-May Rally: Wyckoff Theory Signals Breakout Potential
Pi Coin Primed for Mid-May Rally: Wyckoff Theory Signals Breakout Potential
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s consolidation around $0.60—significantly below its $3 all-time high—could set the stage for a major mid-May price surge, according to technical analysis using the Wyckoff Theory. This 90-year-old framework indicates the current accumulation phase may soon transition into a sharp markup period.
The eight-hour chart patterns align with the 1930s-derived methodology, showing suppressed volatility that historically precedes explosive price movements. Traders are closely watching the $0.60 support level as a potential launchpad for upward momentum.
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