Pi Network has been on a rapid upward trajectory, with its price surging over 100% in just a few days as the bulls take control. This sudden surge comes after consolidation around the $0.55 mark, attracting central liquidity into the token. The price has already surpassed the $1.67 level, marking a new high, and this momentum shows no signs of slowing down.
After the breakout above the $0.8 threshold, Pi Network’s price action has been incredibly bullish, drawing the attention of investors and traders. Currently, Pi’s token is targeting the next resistance level of $1.71 to $1.77, a key point at which the market pundits believe the token may reach $2 or more upon successfully crossing the levels.
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Resistance Zones in Focus as Investors Eye $5 Target
As the price rallies, technical indicators show that the RSI has crossed the overbought range, signaling the potential for a short-term pullback. However, this has not discouraged the bulls, who are increasingly optimistic about the token’s future. Despite this, the price has continued to rise, suggesting that investor confidence remains strong.
Source: Tradingview
Pi Network’s breakout has opened the door for a much larger move. If the token can break past the resistance zone and hold above $1.70, there is a clear path toward $2. Similarly, this momentum indicates that the currency might go for higher levels where some analysts expect values to be over $3. As of now, recent price gains have the potential to push Pi Network to regions that have not been achieved before, as some experts are forecasting the network to rise as high as $5 in the short term.
The increasing investor frenzy and sensational bullish momentum confluence indicate that Pi Network may soon reach heights never experienced before. A significant Pi price surge is possible if the selling pressure subsides and the bulls head higher.
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