PI’s Shocking Next Move: Will It Explode? 🤯

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  • Pi Network token bravely hopped above RSI 50 like an overeager frog, but it may just be croaking too soon 🐸.
  • The trickling capital outflow and the gloomy funding rate hinted that our dear bears were feasting on bull stew 🍽️.

Once upon a suspicious March, Pi Network [PI] tiptoed downward without a parachute. Some brilliant fortune-tellers squeaked that it would dive to $0.64. Lo and behold, it did a swan dive to $0.4 over the weekend, making everyone snort in disbelief 😏.

While the token tried leaping back like a bunny on pogo sticks—rumored at a 99% bounce in its 6-hour show on 5 April—its grand performance was marred by lingering suspicion. That magical $0.75 towered like a tall chocolate gate in a short-term wonderland, yet monstrous centralization fears lurked, whipping up steady sell-offs.

Behold: A Sputtering Attempt at Soaring

Amid Saturday’s zigzag pyrotechnics, this cunning token failed to yank itself into a fairy-tale bullish stance. The $0.738 (in bright, imaginary orange) was the March milestone for starry-eyed bulls to conquer. It did a quick Houdini act up to $0.8, then slipped away like a wiggly tadpole.

Alas, the returning selling frenzy feels like sneaky chocolate thieves at a candy store. That leaves PI waddling in a short-term limbo between $0.55 and $0.75, or so it might have you believe—unless the unstoppable sellers keep gnawing. The CMF has scurried below the -0.05 line, a gleeful sign of capital sneaking away like pocket money from a sleepy child.

Without halting this incessant dribble of sells, the bulls might struggle, flapping around in confusion. Even though RSI tries to puff its chest above neutral 50, it’s like a child insisting it’s a dragon—lots of noise, but no fire 🐉.

Oddly, Open Interest has waddled upward over three days, right alongside the token’s mad leap from $0.4, hinting at some gamblers putting coins where their mouths are. Meanwhile, the Funding Rate remains so grumpy it might as well be munching sour lemons 🍋.

All this suggests we might witness a short squeeze soon, squeezing those wishful bulls like a tube of toothpaste. Or, if PI musters the courage to stand firm above $0.75, perhaps we’ll see a triumphant parade. Nobody hold your breath, though 😉.

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2025-04-07 00:10