A naukri.com initiative
Coindoo
2w
152
Image Credit: Coindoo
Pi Coin Surges 13%: Here is What’s Fueling the Rally
- Pi coin surges 13% fueled by speculation on major ecosystem updates and Pi2Day hype.
- Pi recently broke above $0.5868, the upper Bollinger Band, with an RSI of 80.38, signaling overbought conditions.
- Traders are monitoring the $0.65 Fibonacci extension level and the 50-day EMA at $0.66 for trend confirmation.
- On-chain data shows a 42% increase in non-exchange wallets and institutional participation in Pi Network.
- Banxa acquired 10 million PI tokens following KYC clearance, boosting confidence in the project.
- Pi traders anticipate upside potential as Pi2Day nears.
- Speculations on enhanced KYC processes, mainnet development, and AI integration are driving community interest.
- Pi2Day is seen as a catalyst event with protocol updates attracting retail and strategic investors.
- The rally is supported by technical breakout above key levels and indicators like the RSI.
- Institutional signals and retail interest contribute to the positive momentum in Pi coin's price.
- The news article discusses the increasing confidence in Pi Network’s infrastructure.
- Pi traders align with ecosystem expectations and technical trends for potential growth.
- Overall, the Pi coin rally is driven by market speculation, technical breakout, and ecosystem updates.
- The article highlights key factors influencing the recent surge in Pi coin's price.
Read Full Article
9 Likes
For uninterrupted reading, download the app