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Pi Coin Consolidates at $0.36 Amid 142% Volume Surge, $0.50 Breakout Potential on Mainnet Migration Catalyst
Pi Coin Consolidates at $0.36 Amid 142% Volume Surge, $0.50 Breakout Potential on Mainnet Migration Catalyst
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi coin experienced a 7.33% pullback to $0.3592 amidst elevated volatility, while trading volume skyrocketed 142% to $68.61 million. The asset maintains a $2.81 billion market capitalization as traders accumulate positions ahead of anticipated mainnet-driven momentum.
Analyst Jen identifies a consolidation pattern following Pi's recent 40% rally, highlighting critical support at $0.38. "Technical structure indicates strong accumulation phase," Jen noted, projecting a potential breakout toward $0.50 if buying pressure sustains. Market participants are actively pricing in potential impacts from the ongoing second mainnet migration, creating bullish FSA (Fundamental Sentiment Alignment) conditions for near-term price action.
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