The article discusses the recent surge in the IoU price of Pi Network (PI) and the anticipation surrounding its Open Network launch on February 20. It emphasizes that the IoU price is not an actual price but a representation of an "I Owe You" contract. The launch has also attracted legal scrutiny and experts have highlighted potential regulatory risks. Technical indicators suggest that PI's price could either continue to rally or face a significant correction. The article examines the Directional Movement Index (DMI), Relative Strength Index (RSI), and Exponential Moving Average (EMA) lines to analyze the momentum and potential price levels for PI.



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