The price of the Pi Network cryptocurrency recently fell below the key support of $1. This decline reflects a broader trend in the cryptocurrency market, which has seen similar losses.
However, analysts have identified the “Three Drive” formation, which is considered a bullish signal indicating a possible trend reversal and potential upside in the price of Pi Network. This formation often precedes significant price movements to the upside. In order to confirm this bullish scenario, it is necessary for the price of Pi Network to overcome current resistance levels. A successful break of these barriers could open the way to new price highs.
It is important to note that despite the recent decline, Pi Network’s underlying technology and community remains strong, which supports optimistic prospects for future price growth.