Exchange prices reflect IOUs, not transferable assets
In March 2024, PI coin experienced a significant rise, going from $40 to nearly $120 within a few days.
This price rally was short-lived, as the PI coin's value dropped to $42.00 on March 15.
Over the past five months, PI coin has been trading within a consolidation zone, ranging from $35.00 to $50.00.
The chart shows a clear descending channel pattern forming since mid-March.
In July 2024, the price of PI has been volatile, trading between $29.00 and $50.00.
A breakout above $50 could signal the start of a new bullish trend, with key resistance levels at $70 and $90.
According to Coingabbar Prediction, Conversely, a breakdown below $30 could trigger a bearish trend, with key support levels at $25 and $20.
Pi coin has the potential to reach $100 in the future, but it could also end up being worthless.
KEY LEVELS :
RESISTANCE LEVEL : $44.00-$50.00
SUPPORT LEVEL : $33.00-$28.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
