A symmetrical triangle pattern suggests that a 20% Pi Coin price rally is edging closer to a breakout, potentially today. This bullish outlook comes amid a flurry of negative news, including token unlocks and concerns about its lack of decentralization. However, after the recent listing of Pi Coin on US-based crypto exchange Kraken, there has been renewed investor interest. As a result, Pi Network’s open interest has added nearly $3 million in under 12 hours. Pi Coin Price Chart Pattern Hints 20% Rally Pi Coin price trades at $0.739 with an intraday loss of 4% after a recent $2M PI token deposit fueled investor concerns. However, on the four-hour price chart, Pi Network appears to be gearing for a bullish reversal as it trades within a symmetrical triangle pattern. Usually, a symmetrical triangle pattern shows that traders are indecisive as both buy-side and sell-side volumes shrink. At press time, PI… Read More at Coingape.com
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