Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise
- Pi Coin price has risen to $1.53, marking a 63.3% daily gain and a 158% weekly rise.
- The tokens trading volume has risen to over $1.4 billion due to the fueled market speculation that the token could soon test $1.50 and possibly approach the $2 mark if bullish momentum continues.
Pi has finally risen past the $1 mark for the first time in nearly two months. In the last few days, the price of Pi has significantly increased, with the price reaching a 68.12% increase. Within a few days, the price moved up from about $0.59 to nearly $0.99, and today it has broken past the $1 resistance point.
Pi Coin is priced at $1.47 at the time of this writing. The recent price represents a 55.9% increase in the last 24 hours and a 148.8% rise over the past seven days. This recent price surge can be traced back to a steady upward trend in Pis value over the past few weeks.
source: coingecko.com
Pi Coins Momentum and Market Speculation
After hitting a low of $0.40 in April, the token gradually climbed and hovered around $0.75 by May 9. Also, in the past 24 hours, Pis trading volume has significantly increased to over $1.4 billion, which is a 152.8% increase. Despite this new high, the coin is still yet to hit its all-time high of $2.99, making it down 9.6% in the last two months.
With all of this, theres a possibility that if buyers stay in control and the tokens value holds above $1.20, the next possible level could be the key mark of $1.50, and there just might be a move toward the $2 range. In all of this, there have been several conversations across the crypto space, as holders and observers are speculating on what might come next for the project.
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Read more: https://www.tronweekly.com/pi-coin-price-surges-and-breaks-above-1-after-35-daily-rise/
Text source: TronWeekly
