Pi Coin Surges 40% to $0.65, Breaking Key Resistance

Pi Coin (PI) has recently experienced a significant surge, with its value climbing 40% to reach $0.65, marking its highest point since its all-time low. This upward trend has sparked interest among investors and analysts, who are now examining the potential for further growth and the possibility of reaching the $1 mark.

Market data indicates that Pi Coin has broken through a previous resistance level that had limited its price movements in recent weeks. This breakout suggests a potential end or pause to the previous bearish trend. The Relative Strength Index (RSI) currently stands at 52.13, surpassing the 50 value point but remaining below the overbought threshold. This indicates a gradual increase in buyer activity.

The main resistance point for Pi Coin is at $1.0056, a level that previously acted as resistance in mid-March. Reaching this target would represent a 56% increase from the current market price. Investors are advised to closely monitor key support and resistance levels, including $0.40 as the previous bottom and $0.65 for the current breakout validation. Potential barriers ahead include levels from $0.80 to $1.00. A temporary price dip within the $0.58–$0.60 range should not be seen as a dismissal of the bullish forecast.

The 5-minute chart for Pi Network (PI/USDT) shows a stabilization period following its recent upward movement, which was followed by a price correction. The current price of $0.6526 is neither below nor above the crucial resistance barrier of $0.6900. Strength in selling pressure has led to two price rejections at this resistance level, with no breakthrough yet. The price range from $0.5600 to $0.5800 serves as a reliable support, having previously triggered a powerful upward correction. The RSI indicator shows 53, indicating that traders are indecisive as the market recovers from oversold areas while briefly reaching overbought zones.

Analyzing the Moving Average Convergence Divergence (MACD) reveals new upward indications through the golden cross pattern, although the indicator’s histogram shows a flat reading, establishing low market volatility. The market is currently inactive, awaiting an external force to disrupt the static trend. A bullish continuation toward $0.7500 seems probable if the price successfully breaks through the $0.6900 resistance level with adequate trading volume. A price dip below $0.5800 would indicate a bearish structure, reversing the current market trend. The current trading range creates beneficial conditions for quick and short-term speculative trading.

The price of Pi Network rose by 50% to reach $0.64, overcoming long-term negative forces from token releases and market exchange restrictions. The RSI and MACD signals indicate upward potential, but market experts view the current ascent as possibly being a short-term dead cat bounce unless the $0.6900 resistance level is breached with sufficient trading volume. Pi Coin operates in a volatile consolidation pattern, remaining within the $0.5600–$0.5800 support range and the $0.80–$0.90 resistance level. This pattern provides trading opportunities for short-term traders who watch for momentum shifts and volume increases.