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Pi Coin Eyes $0.53 Rebound as Whale Scoops Up 350M Tokens Amid Market Swings
Pi Coin Eyes $0.53 Rebound as Whale Scoops Up 350M Tokens Amid Market Swings
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's price dropped 2.94% to $0.354 during broader market volatility, but technical indicators point to a potential recovery. The expanding Bollinger Bands mirror a May pattern that led to a 65% price surge, with analysts targeting $0.58 as the next resistance level.
An unidentified whale address, not linked to the Pi Foundation, has accumulated more than 350 million tokens worth $125 million, showing strong institutional interest. The oversold RSI suggests weakening sell pressure, potentially setting up a market reversal.
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