Pi Coin has recently surged by over 27%, now trading at $1.64. Despite a rocky start and a significant drop of more than 100% after its initial launch, the coin is making a strong comeback. Speculation is growing, especially after the price climbed back above $1.50, sparking optimism among investors. The RSI remains elevated, indicating strong momentum, and the bullish breakout above $1.10 has been reinforced. If the current price continues to hold, Pi Coin could rise towards $2 in the short-term.
A key driver behind this positive sentiment is the results of a Binance poll, where 85% of voters expressed their desire to see Pi Coin listed on the exchange. While no official announcement has been made yet, this high level of interest has raised hopes of a listing. According to analyst Kim Wong, several factors are contributing to Pi Coin’s price surge:
Increased Trading Volumes: Compared to just two days ago, trading volumes have significantly increased, signaling the arrival of large capital inflows into Pi Coin.
Attractive Price Movements: Traders are excited by Pi’s large price movement, which has jumped over 101% today, reaching $1.48. The trading volume has also surged to $1.53 billion, further fueling interest.
Listings on Major Exchanges: Pi Coin has been listed on five major exchanges – OKX, MEXC, Bitget, GateIO, and Pionex. This increased exposure has attracted more buyers.
Bullish Chart Patterns: The Pi Coin price chart is showing a bullish Cup and Handle pattern, which indicates strong breakout momentum. This could lead to a significant price surge.
With these factors in play, Pi Coin is poised to challenge its previous high of $2.20, with a potential move toward $3.14. Analysts predict that $3.14 could become a key price target in the near term.
Source: https://coinpedia.org/news/pi-coin-price-prediction-today-analyst-explains-why-price-will-surge-to-3-14-next/