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The Pi Network price has plummeted 8% in the last 24 hours to trade at $1.54 as of 3:20 a.m. EST on a 2% jump in trading volume to $1.23 billion.
Pi Network Price Support Zone Holds As Bulls Gear Up For A Major Breakout
The PI/USDT trading pair consolidates near a key support zone around $1.50–$1.52.
After experiencing a strong ascending triangle breakout, the price surged significantly, reaching new highs before facing resistance and entering a bearish channel.
This downtrend has persisted for several sessions, but recent price action suggests that a potential reversal could be on the horizon.
Currently, bulls are defending the $1.50 support level, which has been tested multiple times. A breakdown below this zone could trigger further downside toward $1.00, as there is limited historical support below.
However, if the price holds and gains bullish momentum, a breakout above the $1.65–$1.70 resistance could spark a strong rally towards $3.00, a level that previously acted as resistance.
PI/USDT Analysis Source: Tradingview
Technical indicators further support the possibility of a rebound. The Relative Strength Index (RSI) is currently at 40.75, indicating that the asset is approaching oversold conditions, which could attract buyers.
Meanwhile, the signal line at 45.41 suggests that bearish momentum is weakening. If buying volume increases, it could confirm the start of a new uptrend.
Market participants are now closely watching the $1.50 support and the $1.65–$1.70 resistance zone for confirmation of the next move.
A breakout to the upside could result in significant gains, while a failure to hold support may extend the downtrend.
With bullish signals emerging, a potential rally could be in sight if buyers step in to reclaim control.
AI Pepe Hybrid Races Past $7 Million – Best Crypto To Buy Now?
As the Pi Network price plunges, an AI Pepe hybrid crypto project called Mind of Pepe (MIND) continues to surge in its presale and has now crossed the $7 million milestone.
MIND of Pepe uses hive-mind analysis to detect early trends on social media platform like X, and passes its findings to its token holders, giving them an edge in the market.
Interstellar. $MIND pic.twitter.com/3Ntiw8YOfy
— MIND of Pepe (@MINDofPepe) February 20, 2025
MIND constantly improves, allowing it to analyze market data, make independent decisions, and adapt quickly without relying on a central authority.
It also analyzes trades and creates new tokens it predicts will trend next, helping its token holders get in early on promising projects.
An analyst on the 99Bitcoins YouTube channel, with over 726K subscribers, predicts it could soar 100X after launch.
Investors can also stake their MIND tokens for an impressive 328% annual yield.
Currently priced at $0.0034402, MIND can be purchased using crypto or a bank card.
Buy before a price hike in about 1.5 days to secure the best deal.
Visit the official MIND website.
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