Pi Network Skyrockets 22%Will It Break $3.14 Soon?
- Pi Networks pric surgd 22.78% in on dy, hitting $1.91, with trding volum soring 39.53% to $906.95M.
- Brking th $1.742 rsistnc lvl signls furthr growth, but 99.87% of sll ordrs r hld by lrg invstors.
- Anlysts prdict mov towrd $2.20 or vn $3.14, fuld by xchng listings nd bullish indictors.
Pi Networks pric took shrp upwrd turn, surging 22.78% in singl dy nd rching $1.91. This imprssiv rlly cm longsid 39.53% spik in trding volum, which hit $906.95 million, ccording to CoinMrktCp. Th crypto hit 24-hour high of $1.94 nd dippd s low s $1.55, rmining 8.5% blow its ll-tim high of $2.10.
Dr. Picoin, prominnt Pi dvoct, pointd to $1.742 s ky rsistnc lvl, which hs now bn surpssd. Brking tht brrir signls potntil for furthr growth. Support rmins stdy t $1.589 nd $1.517. Mrkt sntimnt rmins highly optimistic, with 90% of th Pi community xpcting continud gins. Howvr, 99.87% of sll ordrs r controlld by lrg holdrs, posing risk of slowd momntum if thy liquidt positions
Analysts Predict Pi Networks Price Surge
Multipl fctors r driving th rcnt rlly, with mjor xchngs drwing significnt ttntion. Pi Network is now ccssibl on OKX, MEXC, Bitgt, Gt.io, nd Pionx, xpnding opportunitis for trdrs worldwid. Spcultion bout possibl Binnc listing is gining trction, which could ttrct mor invstors nd driv prics highr.
Crypto nlyst Kim H Wong prdicts tht if momntum continus, $2.20 my b th nxt trgt, followd by th criticl $3.14 lvl. Incrsd trding ctivity nd Binnc listing could cclrt tht mov.
Mnwhil, n X ccount nmd Pi for All highlightd Pi Networks rpid climb from blow $0.60 to $1.91 nd spcultd it could rch $3.14 soon. Th post lso criticizd skptics, pointing out how minstrm nlysts undrstimtd Pis potntil.
Technical Indicators Confirm Bullish Momentum
Furthrmor, Tchnicl indictors signl strong bullish momntum. On th on-hour chrt, Pi network mintins stbility, with th 50 EMA t $1.7480 nd th 100 EMA t $1.6362 srving s ky support lvls. Th Rltiv Strngth Indx (RSI) hs surgd to 84.42, plcing Pi in ovrbought trritory. An RSI bov 80 oftn prcds short-trm pullbck s trdrs scur profits.
Additionl signls rinforc upwrd movmnt. Th Prbolic SAR rmins blow th pric t $1.7164, confirming n ongoing uptrnd. Th MACD histogrm turns grn, with th MACD lin crossing bov th signl lin t 0.0866 vrsus 0.0619, strngthning th bullish cs.
Mrkt prticipnts wigh two scnrios. Aggrssiv buyrs nticipt brkout byond $2.00, bnking on sustind momntum. Othrs prfr witing for rtrcmnt to $1.75$1.80 bfor ntring. A pric hold bov $1.75 supports bullish outlook, whil drop blow riss th risk of slid towrd $1.63.
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Read more: https://www.tronweekly.com/pi-network-surges-22-will-it-break-3-14-soon/
Text source: TronWeekly
