PI Network Shows Early Signs of Recovery: Inverse Head and Shoulders Pattern Emerges

The cryptocurrency market continues to struggle, with most altcoins struggling to regain lost ground. Despite this challenging backdrop, PI Network (PI) is showing early signs of potential improvement. A notable bullish reversal pattern on the daily chart suggests a shift in sentiment, potentially signaling an end to the sustained decline. This pattern, known as an inverse Head and Shoulders, has emerged since early November, after PI attempted to stabilize following months of continuous downtrend.