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The Pi Network price has surged 20% in the last 24 hours to trade at $0.7508 as of 9:03 p.m. EST on a 203% increase in trading volume to $673 million.
The surge made PI coin the No.1 trending crypto on CoinMarketCap.
Pi Network Price Gearing Up For A Bullish Reversal
The PI Coin price has been in a prolonged downtrend since reaching its peak around the $3.00 level.
After a sharp selloff, the Pi Network price found a temporary bottom near $0.51, from where it has begun to recover modestly.
The price of Pi Network stands at approximately $0.75, and this recovery has brought the price up to the 0.786 Fibonacci retracement level, a region that often acts as significant resistance during corrective rallies.
The 50-day Simple Moving Average (SMA), currently around $0.76, is also being tested, further reinforcing this zone as a critical decision point for price action.
Meanwhile, the Relative Strength Index (RSI) is currently at 57.21, climbing out of the oversold territory. The RSI indicates buyers are returning, albeit cautiously.
The MACD (Moving Average Convergence Divergence) shows a crossover with the blue MACD line at 0.0335, now above the orange signal line at -0.0211, marking the beginning of a potential bullish phase. Moreover, the histogram has turned positive, hinting at increasing momentum.
PI/USDT Chart Analysis (Tradingview)
PI Coin Price Prediction
Given the current positioning near the 0.786 Fibonacci level and the 50-day SMA, the Pi Network price is at a pivotal technical junction.
If bulls can push the price of PI above $0.76 with convincing volume and close above it consistently, the next potential resistance lies around the $1.21 level (the 0.618 Fib). Beyond that, price targets include $1.55 and $1.90, representing the 0.5 and 0.382 Fib retracement levels, respectively.
However, failure to break above the $0.76 mark could cause the PI price to retrace back toward the $0.60 or even $0.50 range, especially if momentum indicators start to flatten or reverse.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Closes On $5 Million
BTC Bull Token has secured $4.6 million for its airdrop platform that will distribute real Bitcoin to token holders.
The Bitcoin Bull Token project is based on the conviction that Bitcoin’s value will surge in coming years to $1 million and beyond.
BTC Bull Token owners will receive airdrops of real Bitcoin when the BTC price hits key milestones. Those start at $150,000 and follow in $50k increments thereafter.
In addition, each $25,000 move higher in Bitcoin’s price after $125k will trigger a BTCBULL token burn, making the meme coin more scarce and further strengthening the bull case for the BTCBULL token.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
A huge BTCBULL token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 89% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.00246 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in about 2 days to secure the best deal.
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