The PI coin price has displayed a strong bullish recovery after recording a major crash following the mainnet launch on 20th February. This has resulted in its value recording a high of ~$3.00. With this, investors are curious with questions like “How high will Pi coin surge?” and “Why is PI price up today?”
Planning on investing in Pi altcoin before the altcoin season kicks in? In this article, we at CoinPedia have uncovered the market trends and possible short-term PI Coin Price Analysis just for you!
Pi Price Jumps Over 300% in 7 Days!
The price of PI token has defied all market odds by recording a massive uptrend in its valuation. Notably, this altcoin has jumped over 35% in 24 hours with a surge of 33.16% in its intraday trading volumes. Moreover, it has displayed a four-fold rise from its ATL of $0.6152 in 7 days.
The EMA 50-day records a sharp rise in the 1H time frame. This indicates an increase in the buying-over-selling pressure for the altcoin in the cryptocurrency market.
On the other hand, the Relative Strength Index (RSI) drops below the overbought range in the PI coin price chart. Moreover, its average trendline shows a downward trend, highlighting a significant increase in price volatility.
How High Will PI Coin Price Go?
Suppose, the market favors the bulls, in that case, the PI coin price could retest its upper high of $3.0050. Maintaining the price above that level could push the price of this altcoin toward its upper resistance level of $3.50 in the coming time.
Conversely, if the bears regain momentum, this could pull the price toward its important support level of $2.5425. Furthermore, if the bearish sentiment intensifies, the Pi Network token could plunge toward its crucial support level of $2.0575.
Are you one of many who are wondering about the long-term price prospects, but are concerned with questions like “Will the Pi Coin be worth anything yet?” Read our latest PI Coin Price Prediction today to unfold the possible mysteries!
FAQs
You can now sell your Pi Coin holdings on major crypto exchanges, including OKX, Bitget, MEXC, and Gate.io.
As per the latest reports, the Pi token is currently unavailable for trading on the Coinbase cryptocurrency exchange platform.
At the time of writing, the value of one Pi crypto token was $2.5732.
