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Pi Network's recent price action has caught traders' attention—a rising wedge formation is taking shape. But here's the catch: trading volume is painfully thin. What does this setup really tell us?
When you see the wedge tightening with weak volume backing it, the market is essentially undecided. Neither bulls nor bears are committing serious capital. This typically precedes volatility—either a sharp breakout or a nasty reversal.
The real question isn't whether Pi Network will move, but which way and how violently. Historically, wedges break down more often than they break up, especially when volume support is this shallow. Watch the support level closely. If it holds with volume surge, rebounds could happen. If it cracks quietly, the downside could surprise you.
Thin volume is both a warning signal and an opportunity—just depends on your timing.