Pi Coin is still the hot theme in Crypto despite the terrible price actions after it has reached its highest level at $ 2.98 in late February.
However, in the past 24 hours, something happened on the PI currency scheme that could be positive news for their owners. The distinctive symbol of the PI was pumped by 40 % of its lowest level ever and is now about $ 0.65.
The PI/USDT trading pair offered for 4 hours an interesting technical development. The PI currency is well seized well Comic For several weeks, it is represented by the parallel trend lines. This channel, with its upper and lower borders, contains the movement of PI prices during its prolonged drop from February levels.
The way of recovery
Coin Coin recently wore $ 0.40, which appears to be the lowest price ever. This lower level carries strong and helped stop continuous low prices. The interesting thing now is that the PI has pushed over the upper line of its descending channel. When the prices explode from these patterns, this often means that the downward trend may end or at least stop for a period of time.
The RSI index is now at 52.13, a little higher than the middle point of 50. This indicates that the purchasing momentum is captured but not very hot yet, indicating that the prices may rise.
Looking at this penetration, the PI score indicates a potential target of $ 1.0056. This price is lined with where PI found resistance in mid -March, making it a natural natural target. If PI moved from $ 0.64 to slightly more than $ 1, this is about 56 %.
Traders should monitor these important price points:
- 0.40 dollars: The last lower part that started this apostasy
- 0.65 dollars the current price that confirms the penetration
- 0.80 dollars -1.00 dollars: It is likely to be difficult resistance areas
In order for the PI to reach $ 1, you must stay above the hacking point. But do not be surprised if the price decreases to test an area of 0.58 to $ 0.60 first-this happens a lot after collapse and does not mean that the upward trend has ended.
Remember that the graphs only tell part of the story. The mood of the public encryption market and any news about the development of the PI network or the new exchange lists will play a big role in whether the PI is already hitting one goal soon. Our PI price expectations today indicate that the price will likely trade between $ 0.63 and $ 0.71 to Monday.
Also read: To what extent can PI prices rise in 2025?
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