Ah, Pi Network. That digital promise, shimmering like fool’s gold in the eyes of the hopeful. After a precipitous fall β a veritable plunge into the abyss β its price dares to show signs of…bottoming? π€¨ A feat worthy of a Tolstoy novel, if Tolstoy dabbled in crypto.
The Pi coin (PI), that enigmatic token, has experienced a “jump” β a rather enthusiastic leap to a dizzying $0.7375. Investors, those brave souls, have apparently “bought the dip.” One imagines them, scavenging for digital crumbs after the feast. Volume, they say, has risen. Oh, the feverish trading of air! πΈ
The token ascended, buoyed by the lukewarm crypto sea. Bitcoin (BTC) and Solana (SOL), those titans of the digital age, also dared to stir. BTC, they claim, rose to $84,000. Solana, not to be outdone, to $130. Such numbers! They dance before our eyes like promises whispered by charlatans. π€‘
The “traders” β those seers of the market β believe the Federal Reserve will intervene. Intervene, you say? As if mere mortals can control the tides of fortune! Susan Collins of the Boston Fed, in her infinite wisdom, has declared the bank “prepared.” Let us all tremble before such power! π
Pi Network, in its infinite audacity, has also “jumped” because investors, bless their naive hearts, “bought the dip.” They saw a crash β an 86% freefall from its zenith β and mistook it for a bargain. Oh, the folly of man! π
Whispers abound that “large tier-1 exchanges” might deign to list this coin. Binance, no less, whose community has supposedly “approved” its listing. One can almost hear the trumpets of impending glory! Or is it just the wind? πΊ
Coinbase, Kraken, Upbit β these names are bandied about as potential saviors. They crave, it seems, the “trading fees” currently enriching the coffers of OKX and MEXC. A battle of titans, fought over the scraps of the digital revolution. βοΈ
Burning, they say, is the other catalyst. Burning β a ritualistic cleansing of tokens β to offset the endless unlocks and mining rewards. A desperate attempt to control the uncontrollable.π₯
Pi Network price analysis
The 4H chart β a cryptic map for the bewildered β reveals that the PI coin has dared to bounce back, reaching the “key resistance” of $0.7385. It formed a “falling wedge pattern,” a sign, apparently, of impending doom…or salvation. Who can tell? π€·ββοΈ
Pi Network has now ascended above the 50-period moving average β a “bullish sign,” they proclaim. The Relative Strength Index and the Awesome Oscillator β those mystical indicators β point upward. Momentum, they say, has been gained. As if momentum alone can conquer the forces of gravity! π
Therefore, the token will “likely” continue its ascent, targeting the $1.7365 mark. A 135% increase, they promise! Such optimism! Such blind faith! π
But beware! For lurking in the shadows is the “bull trap.” The rebound, they warn, may be a mere illusion. A “small rising wedge pattern” has formed, hinting at a potential collapse. The support at $0.40 beckons. A grim reminder that in the world of crypto, nothing is certain but uncertainty itself. π
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2025-04-13 16:42