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Pi Coin surged on Wednesday, reclaiming momentum after weeks of sideways price action. The move comes as Bitcoin trades near $103,000
Pi Coin price surged on Wednesday, reclaiming some momentum after weeks of sideways action. The move comes as Bitcoin trades above key levels, fueling broad upside in altcoins and reviving bullish sentiment across the crypto market.
As Bitcoin price flirts with the $103,000 resistance, several altcoins are breaking out, setting the stage for further gains in the markets.
As Bitcoin price flirts with the $103,000 resistance, several altcoins are breaking out, setting the stage for further gains in the markets.
One such coin is Pi Coin, which broke through the strong resistance zone at $0.6624. The price rose to as high as $0.7444, reaching its highest point since early April.
One such coin is Pi Coin, which broke through the strong resistance zone at $0.6624. The price rose to as high as $0.7444, reaching its highest point since early April.
This breakout was anticipated last week, following the MACD bullish crossover and the RSI move above 50.
This breakout was anticipated last week, following the MACD bullish crossover and the RSI move above 50.
Both momentum indicators are still confirming the shift in trend. RSI is holding above 62, indicating strong buying interest without yet flashing overbought.
Both momentum indicators are still confirming the shift in trend. RSI is holding above 62, indicating strong buying interest without yet flashing overbought.
MACD, on the other hand, remains positive, building on last week’s bullish crossover and supporting the breakout.
Pi Coin Latest Levels To Watch
The current structure on lower timeframes points to an emerging bullish phase.
The current structure on lower timeframes points to an emerging bullish phase.
Price action is coiling above support, with volume increasing and momentum firm. Traders are now watching for a clean push through $0.9750, a level that capped Pi’s recovery in late March.
Failure to hold $0.74 could trigger a short-term pullback toward $0.66, though the trend remains upward as long as bulls defend this zone.
Pi Coin Price Prediction 2025, 2027, and 2030: Will PI Cross $5?
Can Pi Coin Hit $1 in May?
With Bitcoin reclaiming six-figure territory and altcoins catching a tailwind, Pi Coin may extend its rally in the short term.
With Bitcoin reclaiming six-figure territory and altcoins catching a tailwind, Pi Coin may extend its rally in the short term.
A clean break above $0.975 would strengthen the case for $1 and higher, especially if volume continues to rise.
However, Pi remains a speculative coin, with the project yet to launch its full mainnet and listings varying by exchange.
However, Pi remains a speculative coin, with the project yet to launch its full mainnet and listings varying by exchange.
But from a technical standpoint, the trend has shifted. As long as bulls defend $0.66, dips may attract buyers looking to ride the next leg higher.
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