Pi Network prepares for mainnet launch,focusing on readiness
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#Pi Network's IoU price remained stable on Tuesday within a narrow range, contrasting with the rebound seen in other altcoins.
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$Pi coin has been trading around $39.00 since May, showing minimal price movement during this period.
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#Pi Network continues its preparations for the mainnet launch amidst growing impatience among early adopters due to persistent delays.
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Earlier this year, the token surged to $122 during a broader market rally but subsequently plummeted below $40, where it has since consolidated.
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Currently, the Pi Network token is consolidating within a descending triangle pattern, indicating indecision and potential for further downside.
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According to Coingabbar Prediction, Bulls are encountering resistance near the $40 mark. A successful breach could propel the $PI/USDT pair towards resistance levels at $53 and $72.
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If bulls fail to break above $40 and the bearish pattern is confirmed, it could lead to a notable correction, potentially pushing the price towards the support range of $35-$28.
KEY LEVELS :
RESISTANCE LEVEL : $53.00-$70.00
SUPPORT LEVEL : $30.00-$17.00
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