The post Can Pi Network Price Hit $50 Next? appeared first on Coinpedia Fintech News
Pi Coin recorded 4.5% gains in the past 24 hours, currently trading at $0.5335. This growth follows a broader crypto market rally over the news of a ceasefire between Iran and Israel. While the short-term spike has sparked bullish hopes, Pi’s overall trend remains weak.
Most of the technical indicators show a bearish picture and there is limited bullish momentum for now. It has lost 7% in the past week and is down 30% over the past month.
Pi Coin Rises, But Trend Remains Weak
Pi witnessed a brief rally in May, but it faded quickly and the price has been dropping since then. Throughout June, the price moved mostly sideways, hovering between $0.50 and $0.60, with low trading volume. If Pi can break through short-term resistance around $0.60, it could signal the start of a bullish reversal. But if support near $0.50 breaks, it could revisit lower levels.
Dr Altcoin recently shared th
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