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.
