In the past 24 hours, Pi Coin's price surged by 12.28%, reaching $0.6004 amid the anticipation of the upcoming Pi2Day event on June 28.
Pi Coin Price Analysis
Pi Coin's price action has shown significant strength over the past 24 hours. On the 4-hour chart, Pi decisively broke above the upper Bollinger Band at $0.5868, validating strong bullish momentum. The price tapped a 24-hour high of $0.6083, far exceeding the 20-period SMA of $0.5229, indicating a short-term bullish control. The RSI has surged to 80.38, signaling the overbought territory.
Reasons for Price Surge
The growing interest in Pi Coin is driven by anticipation surrounding Pi2Day. Key developments are expected, including an enhanced KYC process, mainnet progress roadmap, and integration with generative AI technologies. Speculation about potential listings on centralized exchanges further intensifies investor interest, with the crypto community closely watching Pi Coin.
Future Prospects and Predictions
If bullish sentiment prevails, Pi may target the $0.65–$0.70 range. However, a drop below $0.586 could indicate a temporary pullback. The increasing trading volume and strong bullish candle suggest Pi might test the immediate resistance at $0.65, followed by $0.70.
Considering the current trends and expectations from Pi2Day, interest in Pi Coin continues to grow, potentially leading to significant price movements.
