If you’d blinked, you’d have missed it—Pi Network took a tumble so fast, I reckon even Tom Sawyer would’ve called it a rollercoaster. One second it’s dropping below the value area low so hard you’d think it lost its keys down a well, and the very next breath, it bounces right back up like your Aunt Polly’s sourdough. There’s been enough demand to fill a Mississippi steamship, with today’s candle carrying a mighty fine buying wick—what folks in the trade call “someone out yonder said this price was too darn cheap.”
Now, I won’t say Pi’s recent price dip was as bad as getting caught whitewashing a fence, but the chart sure looked bleak. Fell clean through the value area low, smack dab onto that swing low support—a spot busier than a frog pond in spring. But, almost as if somebody hollered “free pie!”, buyers came stampeding in, pushing price back up faster than Huck Finn can lose a dollar. And wouldn’t you know it—a big ol’ candle tail bloomed, classic sign that bargain-hunters believe they’re robbing the bank (without the sheriff around).
Key technical points
- Break Below Value Area Low: Pi dipped its toes in the mud below VAL and came out squeaky, thanks to buyers swarming the swing low like mosquitoes at a picnic. 🦟
- Impressive Recovery Candle: Like lighting a lantern in a cave—one gust of buying pushed the price up and the day closed strong. I hear buyers even tipped their hats. 🎩
- Reclaiming the Value Area Low: Bulls managed to lasso price right back above VAL. If they can keep it up, they might even get their own parade. 🎺
- Key Resistance at $0.65: If Pi can bust through $0.65, you’ll hear about it all the way from Hannibal to New Orleans. Next stop, $0.80 and maybe a celebratory riverboat cruise. 🚢
You’d think dropping below VAL was a one-way ticket to obscurity, but this story’s got as many twists as the Mississippi. After price flirted with that swing low—right where the smart money was waitin’—buyers showed up like gamblers to a new saloon. The candle tail was plumb huge; anyone betting short might as well have been betting on a mule race. Now, price is back above the high-timeframe support, and those market profile folks are probably feeling clever—looks like what the old timers call a bear trap. Long trades? Well, you wouldn’t be the only one in the riverboat casino tonight.
What’s standing in the way of the next bull stampede? That fancy $0.65 resistance, of course. If the price breaks above it—no dilly-dallying—expect a barn dance up toward $0.80, right at the top of the corral. That would put Pi back in the good graces of the market, if not in the mayor’s office.
What to expect in the coming price action
If Pi keeps its boots dry above VAL and builds that support on the big-picture chart, it’s liable to make a run at $0.65 and beyond. Buyers are eager as a pack of schoolboys ditching lessons, and a real chart reversal could be brewing if that resistance breaks. So hang onto your hat—the next chapter might actually be worth sittin’ through. 🐸
Sponsor
Pi Crypto’s Back?! You Won’t Believe It!
Well now, seems Pi Network, that digital contraption some folks call crypto, took a tumble worse than a Mississippi gambler caught cheatin’. Plummeted right below the low-water mark, it did. But hold your horses! She’s bounced back, quicker than a cat on a hot tin roof. [Watismijnwoningwaard.nl [P]](https://pollinations.ai/redirect-nexad/0BLRKjvD) Speaking of value, if you’re lookin’ to see what your real-life homestead is worth (unlike this here Pi!), check out Watismijnwoningwaard.nl. They use fancy data from the Kadaster to give you the straight dope on your property’s worth – no snake oil involved! Seems like there was so much demand, that even a skeptic like me almost thought about buying some 🤑. This whole thing is wilder than a skunk at a church picnic 🦨!
Read More
2025-06-13 19:14