Pi (PI) has gone up by 148% in the past week and currently sits at $1.53 as the token rallied during the weekend to its highest level since March 13.
Trading volumes in the past 24 hours have exploded by 159% and currently stand at $1.65 billion, accounting for 15% of the token’s circulating supply.
These elevated volumes have broken historical records for PI and highlight a significant change in the market’s sentiment toward the token.
Just a few days ago, the Pi Core Team indicated that they would be making an important ecosystem announcement on Wednesday.
The launch of new features could upend the market’s baseline Pi price prediction and result in further upside for the token.
The token has gone from dead in the water to one of the top trending assets in the space. The reason behind the rally is still unclear but there has been speculation that big exchanges like Binance or Kraken could soon announce PI’s listing in their spot and futures markets.
A Binance listing could result in further upside for PI in the near term as additional liquidity will result in augmented buying pressure.
PI Price Prediction: Rally to $2 Seems Imminent
The hourly chart shows that PI has gone vertical ever since a ‘golden cross’ showed up between the 21-period and 200-period exponential moving averages (EMAs).
Momentum indicators are heavily stretched already as the Relative Strength Index (RSI) has been coming in and out of overbought territory since last Wednesday.
The MACD’s histogram shows signs of deceleration in the past three hours and this could result in short-term weakness for PI.
The key support areas to watch for the token stand at $1.3050 and $1.1950 – the token’s nearest resistances, which could now be retested to find further liquidity to keep the rally going.
As long as PI does not break below its previous highs, the uptrend could keep going for a while and could soon push $PI to the $2 level.
Meanwhile, now that a new bullish cycle seems to have started in the crypto markets, the best crypto presales like MIND of Pepe (MIND) offer the highest upside potential to early buyers.
MIND of Pepe (MIND) Enters the Last Days of its Presale – Don’t Miss Out
MIND of Pepe (MIND) is an AI agent designed to captivate large audiences by leveraging the power of generative AI and the popularity of one of the internet’s most beloved memes – Pepe the Frog.
The agent will interact with high-profile accounts and regular users across social media platforms like X to progressively build its influence and collect insightful information about emerging social trends and new opportunities in the meme coin space.
These insights will be passed on to $MIND holders exclusively to position them favorably to reap the highest returns.
Since its presale event was launched in January this year, MIND of Pepe has raised more than $9 million to launch this powerful AI agent.
There’s still time to buy $MIND at its discounted presale price. Just head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet).
You can either swap USDT or ETH for this token or use a bank card to make your investment.
The post Pi Price Prediction: Can Pi Coin Hit $2 This Week, Price Skyrockets 148% In 7 Days? appeared first on Cryptonews.
