On June 13 at 8:12 AM, $PI opened at 0.60707 with a trading volume of 1.3189 million. Just one minute later, at 8:13, volume surged to 1.599 million, and the price plummeted to a new local low of 0.408 — marking a staggering 50% drop in just 2 minutes! ⚡📉
But the volatility didn’t stop there. In the next 2 minutes, the price sharply rebounded, closing at 0.5169, recovering exactly 50% of the drop. Total volume during this high-speed swing reached 2.9 million. 📊💥
📉 June 13 also recorded a net outflow of $2.35 million USDT (based on Gate’s matched trade data — note: no actual capital inflow/outflow, just sell-side pressure).
Remarkably, over the next two days, $PI fully recovered its losses, but the daily chart still reflects a broader downward trend. 📆🔻
🌀 Technically, Wave 1 lasted 37 cycles, while the current Wave 3 (some argue it's Wave 2) has dropped for 31 cycles — but hasn’t yet broken new lows. The slower pace suggests a longer consolidation or bottoming phase ahead. 🕰️🔍
🔔 Smart traders should remain patient and precise in their execution, while long-term investors need to monitor the trend and volume closely.
📌 Keep an eye on #NADA 🧊 and contentstar ⭐ as potential sentiment indicators or correlated moves.
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#NADA ⚠️ #PI Limit Whipsaw on June 13, 8:12 AM ⚠️
On June 13 at 8:12 AM, $PI opened at 0.60707 with a trading volume of 1.3189 million. Just one minute later, at 8:13, volume surged to 1.599 million, and the price plummeted to a new local low of 0.408 — marking a staggering 50% drop in just 2 minutes! ⚡📉
But the volatility didn’t stop there. In the next 2 minutes, the price sharply rebounded, closing at 0.5169, recovering exactly 50% of the drop. Total volume during this high-speed swing reached 2.9 million. 📊💥
📉 June 13 also recorded a net outflow of $2.35 million USDT (based on Gate’s matched trade data — note: no actual capital inflow/outflow, just sell-side pressure).
Remarkably, over the next two days, $PI fully recovered its losses, but the daily chart still reflects a broader downward trend. 📆🔻
🌀 Technically, Wave 1 lasted 37 cycles, while the current Wave 3 (some argue it's Wave 2) has dropped for 31 cycles — but hasn’t yet broken new lows. The slower pace suggests a longer consolidation or bottoming phase ahead. 🕰️🔍
🔔 Smart traders should remain patient and precise in their execution, while long-term investors need to monitor the trend and volume closely.
📌 Keep an eye on #NADA 🧊 and contentstar ⭐ as potential sentiment indicators or correlated moves.