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The Pi Network price rose almost 1% in the last 24 hours to trade at $1.9246 as of 04:00 a.m. EST on trading volume that dropped 4% to $720 million.
The uptick has made Pi Coin the No.1 trending crypto on Coingecko. This is as Pi Day, March 14, 2025, approaches.
Pi Network Technical Analysis: PI Preparing For A Breakout?
The PI price analysis shows that the asset experienced a strong uptrend followed by a sharp pullback, forming a descending channel (highlighted in green). This phase represented profit-taking and a temporary correction in price.
After the downtrend, the Pi Network price entered a sideways consolidation, marked by the yellow support and resistance levels.
During this phase, the price of the Pi Network token stabilized, with decreasing volatility, preparing for a potential breakout.
The 50 Simple Moving Average (SMA) on the hourly chart is currently at $1.8564, and the Pi Network price is trading above this level. This signals bullish momentum, as the asset is maintaining support above this moving average.
Meanwhile, the Relative Strength Index (RSI) is currently at 58.53, reflecting a moderately bullish momentum. It is neither overbought nor oversold, meaning there is room for further price appreciation.
A move above 70 would indicate overbought conditions, potentially leading to a correction.
PI Price Prediction
If the Pi Network price successfully breaks above the consolidation range, the next target is around $2.80 – $3.00, representing a 43.73% rally from current levels. PI must maintain momentum above $1.92 – $2.00 to validate the bullish breakout.
However, if the price of PI fails to hold above resistance and drops back into consolidation, a retest of $1.80 – $1.85 (50 SMA) is possible. A breakdown below this level could send the price back toward $1.60 – $1.70 support.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Heads Towards $11 Million – Next Big Crypto?
Best Wallet is rapidly emerging as a top choice for those entering the cryptocurrency market and its presale has already surged past $10.8 million.
The wallet supports more than 60 blockchains, features a built-in DEX, presale aggregator, and crypto debit card. Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.
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Among the many features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising projects is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 147% annual return. Currently, BEST tokens are priced at $0.024225.
Those interested should buy before a price hike in less than 12 hours.
Check out BEST on its official website.
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