- Pi Coin price currently trades at $0.34 and the support after several months of pressure.
- Adam and Eve pattern has a price objective of $1.20 and the maximum upside is 250%.
- Bullish move can only proceed on breaking the resistance at 0.49 and 0.69.
Pi Coin is putting on a big bullish signal that experienced traders cannot afford to overlook after months of consolidation. An Adam and Eve pattern of the daily chart is shaping up indicating a bursting breakout. As price remains stable at the support and daily candles are narrowing, Pi might be about to make a move to $1.20 -a possible 250% increase in price since the resistance levels are breaking upon a breakout.
Pi Coin Price Action Hints at Adam and Eve Breakout Toward $1.20
The Pi coin price has been consolidating at the support level, where buyers have continued to defend against deeper losses. This zone has acted as a strong floor, preventing further downside even after months of selling pressure earlier in the year. At press time, Pi coin’s current market value trades around $0.34.
On the chart, an Adam and Eve base is taking shape, a bullish pattern that typically signals the start of a larger rally when confirmed. Resistance levels at $0.49 and $0.69 stand out as the next hurdles, with both having stopped previous rallies in their tracks.
Further move above those levels would create a compelling buying force and change of heart. In the absence of such a breakout, Pi is threatened with increasing its sideways range.
This prospective upside can be seen when the neckline is cleared, where the calculated action of the Adam and Eve formation is toward $1.20. That would be a 250 percent rally of where the market stands, which is of particular importance to holders because of this arrangement.
Tighter trading ranges are also indicated by daily candle, and these ranges tend to be followed by larger movements when pressure accumulates sufficiently. A repeat of past mark-up cycles would occur with rallies accumulating after periods of prolonged consolidation should the Pi Network price follow through.
The merging of the structure and historical recovery phases solidifies optimism, which augers the long-term Pi coin price prospects.
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