Despite a tumultuous price performance after hitting its all-time high of $2.98 in late February, Pi Coin is attracting renewed attention in the crypto market. In the last 24 hours alone, the token has seen a significant surge, jumping 40% from its recent lows and currently trading around $0.65. This rise appears to be breaking a prolonged downward trend that started in February. 📈 💻
On the technical charts, Pi Network’s token is showing a promising breakout above its long-standing descending channel. This pattern suggests that the downtrend may be nearing its end or at least temporarily pausing. ⬆️
The RSI indicator currently sits at 52.13, hovering just above the middle point of 50. This indicates growing buying momentum but not yet a full-blown surge. The potential for further price increases is evident. 👀
Analysts have identified a possible target of $1.0056 based on historical resistance levels from mid-March. If Pi Coin moves towards this level, it could represent a significant 56% gain from its current value.
Pi Coin’s chart provides some encouraging signals, but the market is still evolving. Key price points to watch closely include:
* $0.40: The recent bottom that initiated the bounce
* $0.65: Current price confirming the breakout
* $0.80-$1.00: Resistance levels likely to hinder further gains
While a rise towards $1.00 is plausible, Pi Coin’s price may dip back to test the $0.58-$0.60 range before reaching that milestone. This is a common occurrence after breakouts and doesn’t necessarily indicate a failure in the uptrend.
Remember that charts only offer one perspective. The overall market sentiment and any significant news related to Pi Network’s development, including new exchange listings, will play a vital role in whether Pi Coin ultimately reaches its $1 target.
Our current price prediction for Pi Coin is between $0.63 and $0.71 until Monday.
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For more information and a deeper understanding of this exciting project, read our previous article: How High Can Pi Coin Price Rise in 2025?
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