Pi coin (PI) has dropped 15% over the past 30 days, failing to catch the bullish wave lifting most major cryptocurrencies.
In fact, aside from UNUS LEO, it’s the only token in the top 35 to post losses during this period — a clear sign of weakness that supports a bearish Pi Coin price prediction in the near term.
According to the Pi Core Team, 7,600 chatbots and 14,100 custom apps have been created already by using a recently launched solution called Pi App Studio.
This is an encouraging announcement that confirms developers’ intentions to build decentralized apps on the Pi blockchain.
Can it help reverse the latest downtrend or is this a mere attempt to keep the price off its all-time low?
Pi Coin Price Prediction: Falling Wedge Anticipates Big Breakout
Trading volumes in the past 24 hours have surged by 68% as Pi recovers by 1.3% to $0.4524. The token is currently sitting just 13.3% above its all-time low of $0.4012.
Is PI poised to make a new record low in the next few days? The latest price action and technical indicators seem to indicate the opposite.
A falling wedge has formed recently. This is typically a bullish pattern that leads to big breakouts if it is confirmed.
The price is currently tagging the upper bound of the wedge. Today’s strong volumes confirm that this is a relevant level for the market.
Hence, if we get a breakout above the $0.50 area this could result in a strong push toward $0.66 in the next few days for Pi.
PI has been consolidating ahead of this move and has stood above the $0.40 support level. This is the key area to watch in the next few days as a move below would fully invalidate this pattern’s bullish bias.
Meanwhile, it is certainly possible that PI could surprise the market and pull a big short squeeze if this falling wedge delivers the expected outcome.
As altcoins like Ethereum (ETH) and XRP (XRP) seem to be determined to make a new all-time high during this cycle, storing these assets safely is a key priority. Best Wallet (BEST) has emerged as one of the best crypto presales of the year as it prepares to launch its innovative wallet.
Best Wallet (BEST) Raises $14M to Launch Its Crypto Storage Solution
Best Wallet (BEST) is a crypto wallet that offers low swap fees and supports assets in more than 60 blockchains.
Its powerful mobile app is already available for iOS and Android devices and has received great ratings from early users.
This project is building a robust ecosystem through which users can store, stake, and earn yield on their assets.
The developing team has set forth an ambitious roadmap that includes the launch of a decentralized exchange (DEX) and a debit card. All of these tools will be powered by $BEST, the solution’s utility token.
Once more and more users embrace Best Wallet, the demand for this token will explode. This makes $BEST one of the most attractive presales of the year.
To buy the token, head to the Best Wallet website and connect your wallet. You can download the Best Wallet app in case you don’t have one.
You can either swap USDT or ETH for this asset or use a bank card to invest.
The post Pi Coin Price Prediction: Pi Coin Bleeds Near All-Time Lows – Is a Full Collapse Now Just Days Away? appeared first on Cryptonews.
