Advertise
Vignesh S G
Vignesh S G
Author
- Feb 27, 2025 07:54 UTC
-
Pi Network’s PI Price Breaks New ATH – Correction Ahead?
Pi Network's PI token has seen a dramatic price surge, reaching a new all-time high of $3, with potential for further growth.
Technical indicators like DMI show a strong uptrend, but BBTrend suggests a possible sharp price correction is imminent.
Price predictions vary widely, from a potential $4 high to a possible drop as low as $0.79, highlighting market volatility.
In the past 24 hours, PI, the native token of Pi Network, has skyrocketed 54.4%, hitting a new all-time high of $3. This unexpected surge has sparked excitement among traders, with some predicting it could soon reach $4. But is this just the beginning of a bigger rally, or is a sharp correction lurking around the corner?
While the momentum looks strong, key technical indicators suggest the market might be overheating. Could PI push even higher, or is it about to face a reality check?
Let’s dive into the data and find out.
PI’s Price Journey Since Launch
On February 20, PI was trading at just $0.1008. That day, it skyrocketed 765.87%, peaking at $2.208 before early investors took profits, causing a 17.55% dip the next day.
Between February 22 and 25, PI gained 121.94%, though it couldn’t surpass its February 20 peak. Then, on February 26, the token surged 76.01%, finally breaking past its previous high and reaching $3.
DMI Indicator Shows Strong Uptrend
The Directional Movement Index indicator on the four-hour chart of Pi Network shows that the ADX value of the market stands at 59, +DI at 36.88 and -DI at 5.92. The indicator suggests that the market is currently supported by a very strong uptrend.
DMI is a technical indicator used in crypto trading to measure trend strength and direction. It consists of three primary components: Average Directional Index (which measures the strength of a trend), Positive Directional Index (which shows buying pressure) and Negative Directional Index (which shows selling pressure).
BBTrend Signals Possible Reversal
The BBTrend indicator on PI’s two-day chart currently sits at -9.1491, a sharp drop from its February 24 reading above 50.
This indicator tracks price movement relative to Bollinger Bands. A sudden drop suggests that PI may be overextended, which often leads to a correction or consolidation.
The Bollinger Bands on PI’s two-day chart highlight key levels:
- Upper Band: $3.1846
- Baseline: $2.1894
- Lower Band: $1.1936
Currently, PI is trading at $2.5799, close to the upper resistance zone.
Key Price Levels: What to Watch Next in Pi Network?
Experts predict that if the PI market continues its strong upward momentum and breaks above the $3.5 psychological barrier, it could reach a new peak of $4.
However, experts warn that if the BBTrend technical signal materialises into the PI market price action, it could push the price of PI to a low of $1.7.
Experts also add that if the market experiences strong downward pressure, the PI price could even slip to a low of $0.79.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
As per some sources, Pi Coin holders sell through IOUs on exchanges like “HTX” or through peer-to-peer trades on various exchanges.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
Pi Network surged due to strong bullish momentum, technical breakout, and increased investor interest, reaching a new all-time high of $3.
Yes 
No 
