{"id":629469,"date":"2025-02-23T09:52:49","date_gmt":"2025-02-23T09:52:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629469"},"modified":"2025-02-23T09:52:49","modified_gmt":"2025-02-23T09:52:49","slug":"pi-network-price-prediction-pi-coin-pumps-80-to-top-trend-on-coinmarketcap-as-savvy-investors-buy-this-ico-for-safer-meme-coin-investing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pi-network-price-prediction-pi-coin-pumps-80-to-top-trend-on-coinmarketcap-as-savvy-investors-buy-this-ico-for-safer-meme-coin-investing","title":{"rendered":"Pi Network Price Prediction: PI Coin Pumps 80% To Top Trend On CoinMarketCap As Savvy Investors Buy This ICO For Safer Meme Coin Investing"},"content":{"rendered":"

The Pi Network price pumped 80% in the last 24 hours to trade at $1.268 as of 08:49 p.m. on trading volume that skyrocketed 221% of $1.3 billion.<\/span><\/p>\n

The surge has made PI Coin the top trending major cryptocurrency on CoinMarketCap.<\/span><\/p>\n

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Pi Network Price To Sustain The Bullish Trend Reversal<\/b><\/h2>\n

The <\/span>PI price<\/span><\/a> chart reveals a strong downward move followed by a stabilization phase and a potential reversal.<\/span><\/p>\n

Initially, the Pi Network price saw a sharp drop, reaching a low of approximately $0.615, before gradually forming a rounded bottom pattern. This suggests that buyers have started stepping in at lower levels, leading to a gradual recovery.<\/span><\/p>\n

Recently, the price of Pi Network surged towards the 38.2% Fibonacci retracement level at $1.40, encountering resistance around this zone on the 30-minute timeframe. The chart indicates that the price of PI is attempting to reclaim lost ground, with the 61.8% level around $0.90 serving as a critical support.<\/span><\/p>\n

Additionally, a 50-day Simple Moving Average (SMA) at $1.05 is trending upwards, acting as dynamic support for the price. This further reinforces the ongoing recovery momentum.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 57.11, nearing the 58.93 level, indicating that buying momentum is still present but not overextended.<\/span><\/p>\n

\"Pi<\/p>\n

PI\/USDT Chart Analysis (Tradingview)<\/span><\/i><\/p>\n

PI Price Prediction<\/b><\/h2>\n

According to the Pi Network’s current structure and indicator positioning, the short-term trend remains cautiously bullish, provided PI holds above key support at $1.05 (50-day SMA) and $0.90 (61.8% Fibonacci level).<\/span><\/p>\n

If PI successfully breaks above $1.40, the next target would be $2.15 (0% retracement level), followed by the $2.78 – $3.52 zone based on Fibonacci extension levels.<\/span><\/p>\n

Conversely, failure to sustain above $1.05 could lead to a pullback towards $0.90 and potentially lower, testing $0.55 as a deeper retracement level.<\/span><\/p>\n

As the PI price soars, investors are also buying into a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>. According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.<\/span><\/p>\n