study time: 2 minutes
Pi network (Pi) price shows signs of improvement and growth after the announcement of investment in artificial intelligence. The move has refocused investors on Pi’s long-term potential and has lifted the market from months of bearishness to a phase of gradual confidence.
From the point of view of technical analysis, the price of Pi has been able to break out of the almost six-month descending channel and regain the demand level of $0.19 with the strong strength of buyers. After that, buyers faced selling pressure in the range of $0.28 and currently the price is pulling back to the broken trend line.
If the upward trend continues, the next resistances are at $0.37 and $0.50, which can pave the way for further growth to the $0.70 target.
It is noteworthy that Pie Network Ventures’ investment in OpenMind AGI, active in the field of artificial intelligence, has created a new excitement in the community and shows the network’s strategic focus on practical innovation and long-term value.
This action simultaneously with the technical failure, strengthened the upward trend of the price of Pi and can help to increase the excitement and entry of new investors.
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