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Pi Network (PI) Recovers with a 12.56% Surge to $0.6230

Pi Network (PI) Recovers with a 12.56% Surge to $0.6230

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by Giorgi Kostiuk

2 months ago


Over the past 24 hours, the price of Pi Network (PI) has risen 12.56% to $0.6230, fueled by speculative accumulation and increased trading activity.

Price and Volume Surge

Pi Network (PI) recorded a 12.56% increase, reaching $0.6230. Its market cap now stands at $4.63 billion, with a 24-hour trading volume of $103.51 million, marking a 54.20% surge.

Technical Analysis and Support Levels

PI is navigating a recovery zone after a steep sell-off. The price established short-term support at $0.6200. However, the $0.6410 mark represents resistance, with a breakout above potentially leading to a rise toward $0.6580.

Outlook and Risks

Despite current gains, concerns loom over the upcoming unlock of 33.2 million PI tokens and unresolved KYC migration issues, creating uncertainty for long-term bullish continuity. Current momentum signals are mixed, and if volumes decline, the price may drop to $0.6000.

The market for Pi Network (PI) shows recovery following recent declines. However, potential risks and resistance levels remain crucial factors that could influence future price movements.

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