Pi Network’s Extended KYC Deadline

Pi Network’s Extended KYC Deadline

Pi Network KYC Extension to February 2025

In a recent official announcement, the Pi Network has extended the deadline for the Know Your Client (KYC) verification process and mainnet relocation to February 28, 2025. This extension provides pioneers additional time to secure their Pi coins and finalize the verification process, promoting fairness and accessibility within the network.

Market Reactions and Price Movement

Despite this favorable update, the price of Pi has seen a drastic decline of 60% from its October highs. Currently hovering near a significant climbing support trendline, investors are left to ponder: will Pi’s price crash further, or can the network stabilize for a potential rebound? As it stands, Pi is trading within a falling wedge pattern—a formation that often suggests a possible price reversal.

Key Support Levels to Monitor

A critical price level to watch is $39; failing to maintain this support could negate a bullish outlook for the Pi Network. A breakdown below this threshold may lead to a significant decline to the next support level at $20, indicating a potential 25% decrease from the breakout of the trendline. Conversely, if Pi successfully holds above this crucial level and breaks out of the wedge pattern, we could see a rally towards $70 and even $100 in the near term.

As the Pi Network navigates these changes, it’s important for investors to stay informed on technical indicators and market sentiments to make educated decisions moving forward.

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