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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Post your - 💙 Gate Square #Gate Blue Challenge# 💙
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#PI# Pi Analysis: The Triangle Pattern Is Not Yet Complete
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The price of Pi Network is currently moving within a descending triangle pattern that has yet to show signs of completion. The formation of consistent lower highs along with a repeatedly tested support level around $0.74–$0.75 reinforces the indication that selling pressure remains dominant. Although there have been minor bounces, trading volume remains low and has not shown significant accumulation from major market participants.
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This pattern is generally a continuation signal of a prior downtrend, and if a breakdown occurs, the next target could reach the $0.70 to $0.65 range. This aligns with the technical projection of the triangle structure. There has been no valid reversal candle or a breakout with strong volume, making the current area less ideal for medium-term buy positions.
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For traders seeking a safer entry, it is advisable to wait for confirmation in two scenarios: price touches the lower support zone ($0.65–$0.70) with a strong reversal signal, or price breaks and sustains above $0.80 with high volume. Without these, the potential for further downward movement remains greater than the chance of a trend reversal.
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