Pi Network (PI) at Key Levels : Is a Bullish Breakout Coming ?

After reaching a peak of $3 on February 26, PI experienced a drop of over 70%. However, on March 21, the token touched the support at $0.85, where buyers stepped in to defend this level.

After a peak at $3 on February 26, PI dropped by more than 70%. But on March 21, the token touched the support at $0.85, where buyers defended this level.

Currently trading at $1.08, PI is approaching the upper resistance of a descending triangle pattern, which could be a signal of an impending bullish breakout.

If the price manages to break above this resistance successfully, it could signify the start of a recovery movement, aiming for the next levels at $1.24 and the 10-day moving average.

A decisive breakthrough above this level could propel PI towards its next resistance at $1.79, presenting a potential upside of 73% from the current price.

Story (IP) : An Impending Breakout ?

Story (IP) has been evolving in a symmetrical triangle pattern, clearly visible on the daily chart.

By the end of February, IP faced rejection at the $7.95 resistance level, which marked the upper limit of the triangle. This rejection led to multiple declines towards the lower support.

Currently at $5.75, IP is testing the upper triangle resistance once again.

A successful breakout above this level, confirmed by a retest, could push the price towards the next resistance levels at $6.66 and $7.40, offering a potential upside of 27% from the current price.

Pi Network (PI) & Story Protocol (IP) Price Forecast : How and Where Should You Buy ?

Both PI and IP are at crucial technical levels, and their price dynamics align with classic resistance breakout patterns.

If market sentiment remains positive and Bitcoin continues its upward trend, these two altcoins could experience substantial increases in the weeks ahead.

However, traders should remain vigilant, await confirmation of resistance breakouts, and keep an eye on technical indicators before making investment decisions. Rejection at these resistance levels could result in further price drops.

You can purchase IP (Story Protocol) and PI (Pi Network) on Weex. Here is a clear guide to buying IP and PI on this platform: