#Pi Network has announced a six-month grace period starting July 1 in preparation for the Open Network launch.
During this period, pioneers need to undergo KYC verification and migrate to the mainnet.
$Pi Coin has been trading within a descending channel for several months.
On July 13, $PI coin's IOU breached the channel, reaching a high of $50, but encountered resistance, losing momentum, and returning inside the channel.
The price of the #Pi Network token has been in decline for the fifth consecutive day.
According to Coingabbar Prediction, The descending channel's resistance suggests a potential drop towards the support line near $30, indicating a possible 25% decline in price.
The daily RSI for PI coin is currently at 57.06, reflecting a relatively neutral stance with no clear bullish or bearish momentum, although the overall chart pattern leans towards a bearish outlook.
KEY LEVELS :
RESISTANCE LEVEL : $50.00-$65.00
SUPPORT LEVEL : $35.00-$25.00
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