#PI PI Network 15-Minute Candlestick Analysis

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Recent observations of the Pi Network (PI) chart on the 15-minute timeframe show a bowl-shaped pattern forming. This rounded structure often signals a consolidation or accumulation phase, where selling pressure gradually fades and is absorbed by buyers. The smooth curve from a downtrend to a gentle rise indicates growing interest from the bulls.
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Trading volume remains relatively low, but such patterns can precede a breakout — especially if accompanied by a significant volume increase near the end of the curve. A few small bullish candles are beginning to appear, hinting at upward momentum. Should the price break above the local resistance around $0.78 with a full-bodied candle and strong volume, it may confirm the bowl pattern and suggest a short-term rally.
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However, caution is advised. Until the price convincingly breaks out from the neckline of the bowl with supportive volume, this move could be a bull trap. Waiting for additional confirmation is key before entering any aggressive positions.
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