Pi Network price has wavered this week as most cryptocurrencies dropped and after the developers delayed the Know Your Customer (KYC) verification process. With hopes of the mainnet launch in the first quarter fading, how long will it take for Pi to jump to $100?
Pi Network Price Technical Analysis: When Will It Hit $100?
The weekly chart shows that the Pi Network price has remained in a tight range since 2023 when it crashed from a record high of $344 shortly after launch. It has remained within a narrow range, with the upper side at around $100 and the lower side at around $30.
Pi Network is now nearing the lower side of the slightly ascending channel and is slightly below the 10-week moving average. The coin has also formed a double-top-like pattern, which often leads to further downside.
On the positive side, the two-year consolidation may be a part of the accumulation phase of the Wyckoff Theory. This theory identifies four stages that assets go through: accumulation, markup, dist
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