Pi Network (PI) has returned to the spotlight after an intense market rollercoaster, sparking speculation about whether this low-cost crypto could eventually skyrocket into triple digits.
Pi Network (PI) has returned to the spotlight after an intense market rollercoaster, sparking speculation about whether this low-cost crypto could eventually skyrocket into triple digits.
Trading at $0.84 – up 8% in the past 24 hours and 30% over the past month – PI is showing signs of a revival, with daily trading volume skyrocketing over 150% to $548 million. The surge follows a steep correction earlier in May, where PI plummeted nearly 50% to a low of $0.69.
Despite sitting nearly 77% below its February all-time high of $2.99, technical signals and ecosystem developments suggest a potential bullish breakout might be forming – and investors are starting to take notice.
A Look at the Technicals: Is a PI Breakout Brewing?
As shown in the chart below, PI’s RSI is hovering around 65 – a level that signals rising strength without yet entering the overbought zone, indicating there may still be room for further upside before any major correction.
Meanwhile, a bullish crossover has just been confirmed on the MACD, with the MACD line moving above the signal line and green histogram bars appearing – a strong indicator of increasing bullish momentum.
PI Daily Chart. Source: TradingView
PI has bounced convincingly off the $0.70 support level, forming a bullish trendline on the daily chart. This trendline points to a possible breakout toward the psychological $1 resistance, which, if breached, could accelerate gains sharply.
Should PI break the $1 barrier, Fibonacci extension levels suggest that medium-term targets around $1.40, $1.85, and $2.99 (ATH) are possible.
A full breakout above the previous all-time high would then open the doors to price discovery – where triple-digit valuations aren’t entirely out of the question in the long run.
As PI Rallies Higher, BTC Bull Raises $6 Million
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Source: BTC Bull Token
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