📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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#PI# PI at the Edge: Between a Rebound or a Bull Trap
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The price of Pi Network (PI) is currently hovering around $0.6784 after previously dipping to a daily low of $0.60020. This movement indicates a buying pressure attempting to lift the price from the psychological support at $0.60. However, trading volume has not shown significant growth, suggesting that the current upward move may be weak. In a downward trend like this, price increases without strong volume often signal a bull trap—a short-lived rally before the price drops even further.
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If this bull trap scenario plays out, the potential for a breakdown below $0.60 becomes more likely. Furthermore, order book data shows that significant buy accumulation is concentrated below $0.50, signaling that the market may be eyeing this area as the next ideal value. Without a confirmed breakout above $0.70 supported by strong volume, the best strategy is to protect capital, wait for clearer market signals, or cautiously apply dollar-cost averaging (DCA) near stronger support levels. In the crypto market, signals can shift rapidly—but protecting your capital always comes first.
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