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

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