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Crypto

Pi Network Price Tests $0.08 Floor Amid Falling Wedge and Token Unlocks

Guavy AI Editorial Team
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The Pi Network cryptocurrency is trading at around $0.0825 after dropping by 7.12% in the last 24 hours.

This move places it near the lower boundary of a four-hour falling wedge, with buyers defending the July support level of $0.081-$0.083.

Crypto analyst Gopal highlighted that the Pi Network price has formed a falling wedge after rejecting the recent $0.10 area.

A potential breakout above the upper trendline could signal a trend reversal and show buyers regaining control, but it would require stronger volume to support this move and reduce the risk of another false breakout.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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