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Pi Coin Hits Record Low at Sub-$1, But Technicals Hint at Imminent Breakout
Pi Coin Hits Record Low at Sub-$1, But Technicals Hint at Imminent Breakout
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token has breached the $1 threshold, setting a new all-time low while fueling intense market speculation. Despite weeks of sideways movement, technical analysts identify a bullish cup-and-handle pattern forming on the 4-hour chart—a historically reliable reversal indicator.
The pattern's rounded bottom (formed late July to early August) demonstrates successful absorption of sell-side pressure, with current price action near the $0.44 resistance level completing the handle formation. Market veterans are monitoring for a confirmed breakout above $0.44, which could catalyze the next upward leg. This setup mirrors previous instances where similar patterns preceded major rallies across crypto assets.
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