The price of Pi Coin has shown a significant bullish rebound after a sharp decline following its main network launch on February 20th. This recovery has brought its value to approximately $3, drawing attention from investors curious about its future performance.
In the last 24 hours, Pi Coin has seen an increase of over 35%, with trading volumes also rising considerably by about 33%. Over the past week, its value has surged from a record low of $0.6152 to almost four times that amount.
Technical indicator analysis indicates that the 50-day exponential moving average on the hourly chart is now trending upwards sharply, suggesting strong buying activity. At the same time, the relative strength index has moved out of the overbought territory, indicating that the coin could soon experience increased price volatility.
Price Predictions and Market Outlook
Experts predict that if the bullish trend continues, Pi Coin could test the $3.00 level. If it remains above this level, it could move towards a resistance zone of around $3.50. Conversely, if selling pressure increases, the price might fall to a crucial support level near $2.54, with a potential further decrease towards $2.06 in a more bearish market situation.
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Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!