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PI Coin Price Prediction: Key Support at $0.70 as Volatility Cools After Parabolic Spike

  • Pi Coin experienced a parabolic spike in early May, reaching over $1.70, followed by a rapid reversal back below $1.00.
  • After the spike, Pi Coin entered a descending channel, with key support identified around $0.70 and resistance between $0.90-$1.00.
  • The current consolidation phase suggests a shift from speculative to cautious trading sentiment, with $0.90 level being crucial for any bullish momentum.
  • Traders are advised to monitor volume closely as the next catalyst, either technical or news-driven, will determine the future trend of PI Coin.

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