The Pi Network increases the likelihood of reaching a price from $30 to $52 to 91% — understand The Pi Network cryptocurrency is gaining attention in the market after chart movements that indicate a possible new bull cycle. According to the analysis on (H4)'s 4-hour chart, the initial price of trading Pi on exchanges was approximately $0.04. From that point on, the classic Elliott Wave structure was formed, with extended wave 1 followed by corrective waves 2 and 4, and waves 3 and 5 of the same amplitude, which caused the price to rise to an all-time high of (ATH) of $3.00 – an impressive 7400% increase since the start. After reaching this peak, the asset initiated a correction in the ABC format, which led to a price drop to around $0.40, where it apparently found significant support. Now, if the price resumes the upward trend and repeats the same projection model from the previous phase ( from $0.04 to $3,00), we have two possible targets: $30.00 represents a projection of 100% of the first stage of the upward trend; $52.00 represents 161.8%, based on the Fibonacci extension. These forecasts correspond to previous movements and increase the estimated probability to 91%, which, technically, the asset could reach such levels — if the trend is confirmed. Important: This analysis is purely educational and informational, based on graphic patterns and technical forecasts. It is not an investment recommendation. Volatility in the crypto market is high, and each investor should conduct their own analysis and risk management.
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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 Pi Network cryptocurrency is gaining attention in the market after chart movements that indicate a possible new bull cycle. According to the analysis on (H4)'s 4-hour chart, the initial price of trading Pi on exchanges was approximately $0.04. From that point on, the classic Elliott Wave structure was formed, with extended wave 1 followed by corrective waves 2 and 4, and waves 3 and 5 of the same amplitude, which caused the price to rise to an all-time high of (ATH) of $3.00 – an impressive 7400% increase since the start.
After reaching this peak, the asset initiated a correction in the ABC format, which led to a price drop to around $0.40, where it apparently found significant support.
Now, if the price resumes the upward trend and repeats the same projection model from the previous phase ( from $0.04 to $3,00), we have two possible targets:
$30.00 represents a projection of 100% of the first stage of the upward trend;
$52.00 represents 161.8%, based on the Fibonacci extension.
These forecasts correspond to previous movements and increase the estimated probability to 91%, which, technically, the asset could reach such levels — if the trend is confirmed.
Important: This analysis is purely educational and informational, based on graphic patterns and technical forecasts. It is not an investment recommendation. Volatility in the crypto market is high, and each investor should conduct their own analysis and risk management.