The price of Pi Coin has been on a rapid rise, drawing attention from traders and investors. This article presents an analysis of recent price changes and key levels.
24-Hour Price Action
In the past 24 hours, Pi Coin has jumped an impressive 60.78%, rising from sub-$1.00 levels to a local high of $1.5959 before slightly pulling back to current levels around $1.55. The 4-hour chart shows a sharp vertical ascent, indicating strong buying interest.
Key Support and Resistance Levels
Based on the 4H chart from Bitget, the following levels are identified:
* Immediate Resistance: $1.60–$1.70 * Current Support Zone: $1.30–$1.40 * Major Support: $0.90–$1.00
A breakdown of this level could signal a loss of short-term momentum but might offer opportunities for long-term investors.
Outlook: Momentum vs. Correction
Despite impressive performance, traders should remain cautious. Parabolic movements like this can lead to volatile corrections. Monitoring volume and candle structure over the next few sessions will be crucial.
The surge in Pi Coin's price highlights the growing interest in the cryptocurrency space. However, investors should stay vigilant as high volatility may impact short-term prospects.
