The crypto market is showing signs of recovery, with major assets rising again, including altcoin PI, which surged over 7% in the last 24 hours.
Price Rise of PI and Trading Volume
Currently, PI is trading at $0.6222 with a market capitalization of $4.38 billion. The daily trading volume has increased significantly by over 232%, reaching $128 million.
Future Growth Prospects for PI
PI shows early signs of recovery, aiming for a target at $0.6342. If bulls manage to enter the market, the asset could start a rally, pushing the price to $0.65. However, bears may return, potentially causing the price to retreat to the $0.60 range.
Technical Indicators and Market Sentiment
The MACD indicator shows positive momentum, though the signal might lose strength. Meanwhile, the relative strength index (RSI) is at 62.02, indicating a mild bullish impulse with potential for further growth.
In current conditions, the crypto market is showing recovery, and PI, with its recent fluctuations, may become a key player among altcoins. However, future dynamics will depend on the maintenance of bullish positions and reactions to resistance levels.
