Unlocking the Future: Pi Network IOU and the Mainnet Launch

26-06-2024 By: Lokesh Gupta
Unlocking the Future: Pi Network IOU and the Mainnet Launch

Pi Network prepares for mainnet launch,focusing on readiness

  • #Pi Network's IoU price remained stable on Tuesday within a narrow range, contrasting with the rebound seen in other altcoins.

  • $Pi coin has been trading around $39.00 since May, showing minimal price movement during this period.

  • #Pi Network continues its preparations for the mainnet launch amidst growing impatience among early adopters due to persistent delays.

  • Earlier this year, the token surged to $122 during a broader market rally but subsequently plummeted below $40, where it has since consolidated.

  • Currently, the Pi Network token is consolidating within a descending triangle pattern, indicating indecision and potential for further downside.

  • According to Coingabbar Prediction, Bulls are encountering resistance near the $40 mark. A successful breach could propel the $PI/USDT pair towards resistance levels at $53 and $72.

  • If bulls fail to break above $40 and the bearish pattern is confirmed, it could lead to a notable correction, potentially pushing the price towards the support range of $35-$28.

KEY LEVELS :

RESISTANCE LEVEL : $53.00-$70.00

SUPPORT LEVEL : $30.00-$17.00

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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