Pi Network increases the likelihood to 91% of reaching a price from $30 to $52 — understand The cryptocurrency Pi Network is attracting attention in the market after graphic movements indicating a possible new bullish cycle. According to the analysis on the 4-hour chart (H4), the initial trading price of Pi on exchanges was approximately $0.04. Subsequently, 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 increased the price to a historical maximum of (ATH) at $3.00 — an impressive growth of 7400% from the initial point. After reaching this peak, the asset initiated a correction in the ABC pattern, leading to a price drop to approximately $0.40, where it seems to have found significant support. Now, if the price resumes the upward trend and repeats the same project pattern from the previous phase ( from $0.04 to $3,00), we have two possible targets: $30.00, representing a projection of 100% of the first part of the ascending trend; $52.00 represents 161.8%, based on Fibonacci extension. These forecasts correspond to previous movements and increase the estimated probability to 91% that the technical 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.
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Pi Network increases the likelihood to 91% of reaching a price from $30 to $52 — understand
The cryptocurrency Pi Network is attracting attention in the market after graphic movements indicating a possible new bullish cycle. According to the analysis on the 4-hour chart (H4), the initial trading price of Pi on exchanges was approximately $0.04. Subsequently, 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 increased the price to a historical maximum of (ATH) at $3.00 — an impressive growth of 7400% from the initial point.
After reaching this peak, the asset initiated a correction in the ABC pattern, leading to a price drop to approximately $0.40, where it seems to have found significant support.
Now, if the price resumes the upward trend and repeats the same project pattern from the previous phase ( from $0.04 to $3,00), we have two possible targets:
$30.00, representing a projection of 100% of the first part of the ascending trend;
$52.00 represents 161.8%, based on Fibonacci extension.
These forecasts correspond to previous movements and increase the estimated probability to 91% that the technical 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.