Cryptocurrency

Coin

<ul>
 <li>On the daily chart, <a href="https://www.coingabbar.com/en/crypto-currency/pi-network-iou-pi-prices-usd" title="Pi Coin" class="f-link" rel="noopener noreferrer nofollow">Pi Coin</a> IoU price initially surged to almost $500 shortly after launch.</li>
 <li>The Pi Network IOU price has moved sideways in the past few months, erasing all gains made in March.</li>
 <li>Earlier this year, Pi Coin rebounded to a high of $122.08 but quickly dropped to around $40, where it has stayed for the past few weeks.</li>
 <li>Pi Coin is currently within a symmetrical triangle, facing resistance from dynamic trendlines.</li>
 <li>On the daily chart, Pi Coin is trading above the 20-day, 50-day, and 200-day EMAs but is encountering strong resistance at the 100-day EMA.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar Prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Prediction</a>, If the bulls breach the trendline, Pi Coin's price could surge toward the target of around $54.</li>
 <li>Conversely, if it fails to breach the trendline, the token will likely remain in this range in the next few weeks, though a bullish breakout cannot be ruled out.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $45.00-$53.00
SUPPORT LEVEL : $35.00-$30.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Pi Coin Price Prediction: Is PI Poised to Punch Through $50?

Coingabbar

Other articles published on Jun 4, 2024

Investors Target Juicy Returns On Hyped DTX Presale; Chainlink And Dogwifhat Retains Market Gains

Traders Bullish on These Altcoins Despite Price Stagnation

DOG closes in on $0.01 as hype builds around new Solana memecoin

The Launch of BlockDAG’s Keynote 2 and its $40.8M Presale Dominates as Chainlink (LINK) Price &Tr...

Hedera and Bonk Get Knocked Out By MoonBag, the Best Crypto Presale in June 2024

XRP Eyes $10 After Consolidation Round the 100-week MA: Will it Break Out?

Join our free newsletter for daily crypto updates!