Pi Network continues to demonstrate significant growth in the cryptocurrency market. This article examines current indicators and potential scenarios for further price movement of Pi.
Brief Overview of Pi Network Analytics
Recent data indicates that the price of Pi Network has increased by over 56% in the last 24 hours, marking its rapid ascent. The price has reached levels above $1.67, suggesting the possibility of achieving a new all-time high.
Current Market Indicators
Following a consolidation around $0.55, the Pi price began a steady rise, attracting significant liquidity. The success in surpassing the $0.8 threshold opened the way for more than 100% growth. However, current trading conditions indicate a potential price correction.
Outlook and Upcoming Price Levels
On the daily chart, Pi indicates that bears might impact further price movement. The RSI reached 87.83, suggesting a potential correction might be imminent. In the coming days, the price could rise to around $1.8, but if it secures above $2, this might lead to a new all-time high above $3.
Pi Network demonstrates significant growth, but short-term corrections may occur. Investors are advised to closely monitor price movements and technical indicators.
