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Crypto Price Drama: Will Pi Network Finally Soar 160% or Just Keep Napping?

BBG News

June brought no gentle winds to stir the grasses beneath Pi Network’s torpid feet; the world of crypto bulls galloped ahead while PI itself lolled like a poet with a stubborn hangover. 🍷

You could set your watch by Pi coin’s immobility: parked right at $0.63—since May 31, as if the market pressed pause. Much like a lovesick protagonist staring out rain-washed windows, PI is far from its March fluttering high, down a dramatic 62%. The old anthem of $3? Now just a story babushkas tell skeptical grandchildren. 📉

On the 12-hour chart, hope peers out timidly: the token has huddled so close within its Bollinger Bands, you’d think it was sharing secrets. When the bands get cozy, a breakout often tiptoes in next, boots muddy with anticipation. Last act: May, when PI, swept up in inspiration, soared 175% to $1.6660, barely pausing to untangle its metaphors.

Historic volatility now dozes at 22.24—a number so modest you could slip it under a door. Last month? 356.87, a sonnet of panic. The Average True Range yawns at 0.025, so tranquil it’s practically an existential sigh.

On the stage of technical analysis, Pi has painted a double-bottom—support at $0.5850 and neckline at $1.6708—a pattern beloved by optimists, or at least those who read too much into Rorschach charts. 🎨

As the story turns, hope clings to the $1 mark (57% away, for those counting their kopecks) and the $1.6708 neckline—a poetic 160% leap above today’s snooze price. Will we ever see such heights again, or merely gather around the samovar to reminisce? Of course, should PI droop below $0.5497, the moonlit promise melts away, and we might find ourselves whispering at $0.40, the all-time low.

Whispers in the Smokehouse: What Could Wake Pi?

The coin’s best hope? The broader crypto market, that unruly congregation of dreamers and swindlers, currently hurling altcoins toward the firmament.

Adding to the gossip, Pi’s social media now buzzes like a Moscow café after curfew. Santiment numbers—but who trusts numbers—show a “social dominance” at 0.276%, the loftiest since May 21. From the depths of 0.09%, this is progress, or at minimum, a very noisy group chat. 🐝

On the calendar: Pi Day 2, June 28, a festival conjured by mathematicians too impatient to wait for March. .pi domain auction? Open Network PiFest? All real, all possibly more exciting than watching PI’s price chart this month.

And, of course, the Great Exchange Listing Dream—if only some benevolent exchange (you hear me, Upbit?) relents, PI might surge on a tide of irrational exuberance. Precedent? Orca, Axelar, Pocket Network, Ravencoin—all had their 15 minutes after Upbit. Why not Pi? Stranger things have happened, like Tolstoy doom-scrolling finance subreddits.

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2025-06-10 19:14

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