โก๏ธ The Pi Network swings between momentum and pressure โ Are we witnessing a breakout soon?
๐ After bouncing from support at $0.1996, the Pi Network is trading above $0.20
The technical pattern indicates the formation of a classic "W", opening the door for a test of the $0.2295 level
If this barrier is broken, the price may target the pivot point of $0.2755
๐ MACD reflects positive momentum after crossing the signal line on Saturday
The daily technical analysis shows a decline in selling pressure, enhancing the chances of continued recovery
๐ On-chain data reveals an intriguing contradiction
CEX wallets lost 1.23 million PI tokens in 24 hours, reflecting increasing retail demand
In contrast, Pi Foundation wallet number 2 lost 1.28 million PI tokens โ conflicting flows put the network on alert
๐ฑ The Pi Network continues to grow in Web3 use cases, especially in mobile mining
The market is watching closelyโฆ Will this momentum turn into a real breakout?
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