Pi Coin has increased by 12.28 % over the past 24 hours, reaching $ 0.6004 amid a stir around the Pi2 Day, scheduled for June 28. The event is expected to reveal the transformational updates, including the improved kyc process, the Mainnet Progress Map, the DAPP expansion, and the complementarity of the AI generation techniques.
This is not all, PI’s potential speculation about central stock exchanges has increased more than investor attention. With the heating of feelings, the encryption community closely monitors what could be the most pivotal PI. This writing takes you through the possible short -term PI Coin movements.
Currency price analysis
Pi Coin has shown a great power in the past 24 hours. On the graph for 4 hours, the PI erupted decisively above the upper Bollengerer at $ 0.5868, which led to the validity of the strong bullish momentum. The price has benefited from a height of 24 hours at 0.6083 dollars, much higher than 20 degrees SMA than $ 0.5229, indicating that the bulls may control the short term.
The relative power index rose to 80.38, making its way to the peak region for the first time in weeks. Historically, PI respect RSI resistance levels, making current reading a noticeable sign on excessive demand. Although this may lead to short -term unification or profit reservation, the strong upholsm and increase in size indicate that PI can test the upper resistance near $ 0.65, followed by $ 0.70. On the contrary, the immediate support is $ 0.586.
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Common questions
The motivation behind the increase is expected about the Pi2day, where the PI team is expected to reveal the main developments.
Yes, RSI at 80.38 indicates that the PI coin in the peak purchase area, which may lead to short -term corrections or unification.
If the upscale feelings are suspended, the PI may target 0.65 – 0.70 dollars. However, a decrease less than $ 0.586 can indicate a temporary decrease.
