Pi Price Analysis - Feb. 28th

As promised, here is my analysis for today:

After an explosive pump to $3 yesterday, Pi began consolidating around $2.60—a brief calm before the storm. However, that stability was short-lived; opportunistic bears launched a final, relentless selloff that drove the price down to the $2.40 level, where it currently stands. This fall to $2.40 marked a pivotal battleground, as bulls attempted to regroup and defend their earlier gains while the bears pressed on with their aggressive tactics.

Now, the market is at a critical crossroads. The bulls, bolstered by strong accumulation and bullish momentum, are setting their sights on reclaiming the $3 mark—a breakout that could pave the way for a rally toward the $3.50 zone. Yet, the bears remain formidable adversaries, lurking and ready to pounce on any sign of weakness. Should the bearish pressure intensify further, Pi might retreat even deeper to $2, where the bears could force a decisive downward correction. The battle between these market forces continues to rage, with every move promising to reshape the next chapter in Pi’s price action.