Pi Price Jumps 10%:  A Bigger Rally Next?

Pi price jumps 10% to $0.40, breaking key resistance level. Support zone for Pi price stands between $0.25 and $0.30. Breakout could send Pi toward $1.20–$1.30 in coming months. Pi Network’s price has jumped 10% in the last 24 hours, breaking above an important resistance level and trading at $0.40 at the time of writing. This move could mean the start of a trend reversal, with the possibility of a 40% rally that might push the price toward $0.53. Pi isn’t the only altcoin on the move. Here’s our head-to-head analysis of SEI and Hedera . When Pi Coin first appeared on exchanges, it climbed to an all-time high of $2.98. But heavy selling and a broad market downturn pushed the price down by 86%, leaving investors worried. Looking at the current chart, experts see a bullish “falling wedge” pattern taking shape. Source: @cin365x This pattern can lead to a strong breakout, though it’s also possible the price could dip again before moving higher. The main support zone sits between $0.25 and $0.30. If the breakout comes, the first stop could be around the $0.60–$0.70 range, with a chance of reaching $1.20–$1.30 in the mid-term. … The post Pi Price Jumps 10%: A Bigger Rally Next? appeared first on Coin Edition .

Source: Coin Edition