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Pi Network could potentially establish a double bottom pattern on the weekly timeframe if the price manages to sustain above the $0.2 level over the coming 2 months. This support level is crucial for bullish continuation.
However, if this level fails to hold, we may see the weekly gaussian channel break down below $0.18, which would trigger a test of the monthly gaussian channel at $0.10. This lower level would represent a significant support zone.
Traders monitoring Pi should watch these critical price points closely, especially the $0.2 resistance and the $0.18-$0.10 support structure. The next couple of months will be pivotal in determining which scenario unfolds.