The post Can Pi Network Price Hit $1000? appeared first on Coinpedia Fintech News
Pi Coin has taken a bearish turn lately, and most of its indicators are pointing to weakness. It is currently trading at $0.5745, down 4.5% in the last 24 hours. The RSI is at 35, which shows Pi is nearing the overbought territory.
Pi Struggles Below Key Support Levels
Pi Coin has been trading sideways since May and is down 20% in the past month. It is sitting just above a key support zone at $0.56. This level has been tested multiple times and is now a crucial level to watch. If it breaks, the price could slide further toward $0.40, which was the recent major low. If Pi breaks above the key resistance levels, it could start a new uptrend.
Pi Network’s demand has also dropped in the past few months. It had a daily volume of over $3 billion during its peak, and the current volume is just above $100 million. The drop comes as millions of new tokens are being unlocked daily, which continue
We współpracy z: https://coinpedia.org/news/can-pi-network-price-hit-1000/
