Price Analysis
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    Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Pi Coin Price Prediction & Chart Analysis for March 13

  • currency-symbol PI $ 0.6415 (-7.41%) top looser
Story Highlights
  • Pi Network (PI) price surged 11%, testing a key resistance level of $1.72, signaling a potential bull run after a consolidation period.

  • Pi remains a trending asset, topping Coingecko's list, but faces profit-taking pressure from early adopters.

  • The price's ability to consistently close above $1.8 is crucial, as failure could confirm a reversal pattern.

Pi Network (PI) just made a strong move, breaking out of its recent consolidation within a symmetrical triangle. After weeks of uncertainty, the large-cap altcoin has surged over 11% in the past 24 hours, retesting a key resistance level at $1.72. With a fully diluted valuation of $18.8 billion and a daily trading volume of around $935 million, all eyes are now on Piโ€™s next move.

Even though Piโ€™s Open Mainnet is still in its early stages, the project continues to stay relevant. It has remained one of the most talked-about digital assets, consistently ranking as the top trending coin on CoinGecko in recent days.

Early Adopters Take Profits, but Bulls Fight Back

As Coinpedia previously reported, Piโ€™s price has faced selling pressure over the past two weeks due to profit-taking by early adopters. With over 60 million users waiting for a full exchange listing for six years, some have been quick to cash in on their holdings.

However, the recent 11% rebound suggests that bullish momentum is returning. Piโ€™s price has climbed back to the neckline of a previous Head and Shoulders (H&S) patternโ€”a key technical level that could determine its next move.ย 

For the rally to continue, Pi must close consistently above the $1.80 resistance level. A strong breakout above this point could invalidate the bearish outlook and push the price higher.

Currently, the four-hour Relative Strength Index (RSI) has cooled down from 70% to 58%, indicating a slight dip in buying momentum.

Pi Coin Price Prediction

If Pi fails to break above $1.80, it could confirm a bearish reversal, potentially sending the price down to $1.20 in the coming weeks.

For now, traders are closely watching whether Pi can sustain its upward movement or if resistance will lead to another round of selling.

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FAQs

Why is Pi Coin price up today?

Pi Coin surged 11% due to strong buying pressure, breaking key resistance. Bullish sentiment and growing adoption also contributed.

Is Pi Coin a good investment right now?

Pi Coin shows bullish signals but remains volatile. A breakout above $1.8 could confirm a rally, while rejection may lead to a correction.

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