Alas, Pi Network’s price, like a weary traveler clutching a map to nowhere, has once again stumbled at the $0.29 hurdle, its journey toward $0.19 marked by the kind of stubborn hope only a gambler would admire. The market, a fickle companion, hums a tune of bearish triumph, while volume dwindles like a candle snuffed out in a draft.
- Resistance: $0.29, now a relic of failed ambition, scoffs at retests.
- Support: $0.19, a confluence of Fibonacci and POC, wears its desperation like a badge.
- Market Mood: Freefall, because who needs gravity when you’ve got hope?
The $0.29 resistance, a stage set for tragedy, has proven as reliable as a politician’s promise. Its recent rejection was a slap in the face to buyers, who now scurry like mice in the dark. Sellers, emboldened, guard their fortress with the zeal of a horde of caffeinated squirrels. The value area high, once a sanctuary, has crumbled faster than a house of cards in a hurricane.
Price now drifts aimlessly, a ship without a rudder, with lower timeframe candles whispering tales of weakness. Volume, the party pooper, has left the room, leaving only the echo of despair. The $0.19 zone, cloaked in Fibonacci magic and POC lore, is the last hope for bullish dreamers-a desperate attempt to stitch together a narrative of survival.
A retest of $0.19 might spark a rally, but only if demand returns with the enthusiasm of a toddler on a sugar high. Until then, the market remains a Shakespearean tragedy, with lower highs and lower lows conducting a waltz of despair. The $0.29 rejection? A cruel reminder that this is but a fleeting intermission in a much darker act.
What Lies Ahead
Should Pi Network remain below $0.29, the bears will toast with champagne and a side of schadenfreude. The price, a beleaguered knight, will march toward $0.19, where a battle for relevance awaits. Victory there might summon a rally to $0.25-$0.29, a Pyrrhic triumph at best. Failure? A plunge into the abyss, where even the rocks sigh in relief.
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2025-10-27 19:32