Pi Network Experiences a Strong Bounce, Could Breakout Be Imminent?

Pi Network (PI) has experienced a notable rebound from recent downtrend, jumping 38% after briefly touching the $0.40 support level on the daily chart. This sudden spike in price action suggests an intriguing shift in market sentiment, potentially signaling a potential reversal for the coin. Experts attribute this rise to PI’s interaction with a bullish technical pattern—a falling wedge structure—which indicates a potential breakout.