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Pi Network (PI) Price: Technical Analysis Shows Double-Bottom Pattern Formation
The Pi Network has recently secured a major listing on BTCC Exchange, sparking renewed optimism among investors. This development comes as the cryptocurrency’s PCM Wallet app has received significant upgrades, streamlining user interface and making transactions more efficient.
In light of these recent developments, technical analysis suggests that the PI price may be forming a double-bottom pattern. This potential formation could see the token reach as high as $1.80+ upon trend confirmation.
Currently, the PI coin is trading at approximately $0.47, with a market capitalization of over $5.163 billion and a daily trading volume of $159 million.
The double-bottom pattern is a bullish reversal signal that could push prices higher in the coming days.
Source: https://blockonomi.com/pi-network-pi-price-technical-analysis-shows-double-bottom-pattern-formation/
