Pi Coin Price Forecast – April 20, 2023

Pi Coin price remained relatively stable yesterday, hovering around $0.65. Our previous prediction estimated a breakout above $0.65 could lead to a range of $0.68-$0.70, but this didn’t materialize. 📈 Now, let’s examine where the Pi Network might be headed today. 🔎 Pi Coin’s 4-hour chart shows consolidation following a minor recovery from its April 17 low. A significant drop occurred from $0.78 on April 15 to $0.59 on April 17, followed by a rebound. Before this dip, Pi experienced over 70% growth from just $0.45 on April 5, leading to a correction of this recent surge. The key support area lies between $0.59 and $0.61, which was tested on April 17. Resistance emerges at $0.68-$0.70, acting as a hurdle for further price gains. A strong resistance point can be found at $0.78-$0.80 where the previous rally stalled. Source: TradingView.