The cryptocurrency market is once again witnessing an impressive rally from Pi Network (PI), which continues its bullish momentum after recovery.
Key Breakout and Rally
PI's rally was fueled by a strong breakout from a key resistance zone. The price surge from $1.70 to $2.99 demonstrated strong bullish momentum, but after reaching this high, it temporarily pulled back to the current $2.64.
Factors Supporting the Trend
A crucial factor in maintaining the uptrend is the TideMaster indicator, which has been providing support. The green zone of the indicator offers a buying opportunity for bulls whenever the price dips into it.
Can It Keep the Momentum?
Pi Network's remarkable recovery highlights the growing market interest. The breakout and the strong TideMaster support suggest the uptrend could continue if bulls maintain control.
Pi Network shows a strong recovery, but further growth requires overcoming the resistance level at $2.99.
