With the official launch of the Mainnet, the six-year journey of Pi Network is coming to an end. The opening price of PI touched 2.2 US dollars this afternoon, and the current price is running at 1.4 US dollars! The Circulating Supply is 10+ billion, with a Market Cap of 21 billion US dollars and a total Market Cap of 140 billion US dollars! Beware of vampires! There are a total of 100 billion Pi, of which over 60 billion have truly gone through KYC and are on the mainchain (real Pi), and over 45 billion are in Lock-up Position. If you plan to get involved with PI, you need to know that Pi's vision is particularly ambitious and very attractive. This project aims to integrate social, development tools, and real-world applications. Currently, its ecosystem has more than 80 applications created by the community, such as Map of Pi and 1pi Mall. If PI can establish a Decentralization network with a significant global impact and a large number of users, it is very likely to stand out in the Cryptocurrency market and become a strong competitor. Pi coin is at a critical moment now. Whether it will continue to rise all the way or decline due to its own flaws remains to be seen over time and how the market develops.


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Bitcoin white disk follows the 96500 all the way up, pushing the price to above 97000. Ethereum also keeps up with the pace of Bitcoin. After stabilizing around 2700, the price of Ethereum has also risen steadily, with the highest price reaching around 2758. In the afternoon, although Bitcoin's volatility is not significant, attention should be paid to the announcement of the unemployment claims data at 9:30 pm, which is likely to affect the price trend. Currently, the price is around 97100. The volatility is gradually shrinking, and the market lacks liquidity and trading sentiment is not high. Looking at the four-hour timeframe, the upper band of the Bollinger Bands has formed strong resistance, and multiple attempts to break through have not been successful. However, the bulls continue to maintain high trading volume without shrinking. Now, it is only a matter of time to build a double bottom support level in the short term and form a oscillating upward trend. Overall, the market is defined as a volatile situation, with intense competition between long and short positions. On the four-hour timeframe, the structure relies on the lower band to start oscillating rebound correction. Although there is a rebound in the short term, it is not strong enough to pull up forcefully, and the retracement has slowed down. The structure reveals a clear tendency towards oscillation and strength. However, there are still doubts about the sustainability of this trend, leading to a lack of momentum in one direction. Therefore, it is advisable to focus on short-term trading in the evening, maintaining a long position and taking advantage of pullbacks to enter. Adjustments can be made if breaking through key levels, remaining flexible.
PI0.12%
BTC0.33%
ETH0.05%
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GateUser-046ada83vip
· 2025-02-20 16:06
Hop on 🚀
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Rikuivip
· 2025-02-20 15:08
Agree agree
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RideTheWindAndWavesvip
· 2025-02-20 15:01
Just keep going💪
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