Pi Coin is facing a key test as bullish patterns emerge, with technical signals and on-chain activity hinting at a potential turnaround.
The token is holding support near $0.50, with chart formations like double bottom and falling wedge indicating potential fading bearish momentum.
Bullish setups suggest a push towards the $1 mark, representing a possible 100% gain, but a dip below $0.4016 could lead to deeper losses.
On-chain data reveals optimism with a significant amount of Pi being pulled from exchanges in the last 24 hours, pointing towards accumulation and confidence in the project's future.