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#PiNetworkA30Ou52 Come, haters
The Pi Network increases the likelihood of reaching a price from $30 to $52 to 91% — understand
The cryptocurrency Pi Network is attracting attention in the market following graphical movements that suggest a possible new bullish cycle. According to analysis on the 4-hour chart (H4), the initial trading price of Pi on exchanges was approximately $0.04. After that, a classic Elliott wave structure formed with an extended Wave 1, followed by corrective waves 2 and 4, as well as waves 3 and 5 of equal amplitude, which drove the price to a historical high of (ATH) $3.00 — an impressive increase of 7,400% since the beginning.
After reaching this peak, the asset initiated a correction in ABC format, which led to a price drop to around $0.40, where it seems to have found significant support.
Now, if the price resumes the upward trend and replicates the same projection model of the previous phase ( from $0.04 to $3,00), we have two possible targets:
$30.00 represents the projection of 100% of the first part of the upward trend;
$52.00, which is 161.8%, based on Fibonacci extension.
These forecasts correspond to previous movements and increase the estimated probability to 91%, which, technically, the asset may reach such levels — if the trend is confirmed.
Important: This analysis is purely educational and informational, based on graphical patterns and technical projections. It is not an investment recommendation. Volatility in the cryptocurrency market is high, and every investor should conduct their own analysis and risk management.#BTC #ETH