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The Pi Network price surged 9% in the last 24 hours to trade at $0.6118 as of 12:38 a.m. EST on trading volume that soared 173% to $347 million.
The surge in the PI price has pushed the altcoin to the top of the gainers list on CoinMarketCap.
Pi Network Price Coils Tightly In Falling Wedge – Breakout Next?
The PI Coin price is currently exhibiting a potentially bullish setup following a prolonged downtrend. The chart clearly shows a falling wedge pattern, a classic reversal signal often preceding an upward breakout.
The Pi Network price has just broken above the wedge’s lower support line at $0.5, suggesting a shift in momentum.
Meanwhile, the 50-day Simple Moving Average (SMA) is positioned at $0.70, still above the current price of $0.6118, indicating that the asset has yet to reclaim short-term bullish territory fully.
Moreover, the Relative Strength Index (RSI) currently sits at 50.95, hovering around neutral territory but trending upward.
This rise from oversold conditions strengthens the bullish outlook and implies growing buyer interest.
If PI sustains momentum and breaks above the $0.70 resistance (SMA level), the next logical target is the 0.786 Fibonacci level at $0.7147, followed by a potential test of $1.20 at the 0.618 retracement level.
Failure to maintain the current momentum, however, could see a retest of support near $0.50 or lower.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to Crypto Boy, a popular crypto channel on YouTube with over 61.3K subscribers, HYPER could soar 100X after launch.
Bitcoin Hyper Presale Racing Toward The $2 Million Mark
Bitcoin Hyper has entered the crypto scene as an ambitious Bitcoin layer-2 solution, currently in presale and already gaining traction, having raised over $1.63 million.
Although Bitcoin dominates the crypto space, its network lacks the speed needed for modern use.
With layer-2 networks becoming increasingly vital for scalability and speed, Bitcoin Hyper is positioning itself as a breakthrough platform to bring faster and cheaper transactions to the Bitcoin ecosystem.
This new layer-2 runs on the Solana Virtual Machine (SVM), enabling fast transaction speeds, lower fees, and support for high-performance applications. The project will utilize a Canonical Bridge to track BTC deposits and reflect them on the layer-2 network.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
If you buy and stake now, you can also unlock a 475% annual return. This rate decreases as more people join, so it’s best to get in early.
Investors interested in participating in the presale can visit the official Bitcoin Hyper website to buy HYPER tokens for $0.012025 each using crypto or a bank card.
Buy before the next price increase in about 9 hours.
Visit the Bitcoin Hyper website.
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Best Wallet - Diversify Your Crypto Portfolio
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