Home / Price Analysis / Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes

Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes

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Markets Writer
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
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Pi Network Price Wedge Signals a Rebound

Highlights

  • Pi Network price has formed a falling wedge pattern pointing to more gains.
  • The token has also started to form a bullish divergence pattern.
  • The developers have started to focus on creating a robust ecosystem.
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Plummeting Pi Network price may be preparing a significant short squeeze after forming a rare wedge chart pattern. The surge will be supported by the recently announced upgrades, which may fuel its ecosystem growth. 

Frequently Asked Questions (FAQs)

1. What is the most likely Pi Network price forecast?

A contrarian Pi Network price forecast can be made as it has formed a falling wedge chart pattern on the daily chart.

2. What is the price target for the Pi Coin price?

A rebound will likely push the token to the key psychological point at $0.50, which is about 150% above the current level.

3. What is the main catalyst for the token?

There are signs that the developers are now starting to focus on the network’s utility.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
crispus
About Author
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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