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Pi Network (PI) Hits $2: Could This Crucial Factor Trigger a Move to $3.14?

Pi Network (PI) Hits $2: Could This Crucial Factor Trigger a Move to $3.14?

CoinsProbeCoinsProbe2025/02/26 20:11
By:Nilesh Hembade

Date: Wed, February 26, 2025 | 01:01 PM GMT

Despite the overall downturn in the cryptocurrency market, Pi Network (PI) has displayed remarkable bullish performance, soaring over 32% today. This surge has further fueled its strong rebound from its all-time low of $0.60, bringing its total recovery to over 229%.

Pi Network (PI) Hits $2: Could This Crucial Factor Trigger a Move to $3.14? image 0 Source: CryptoRank

Key Breakout Sparks Rally

Today’s bullish move was triggered by a key breakout as PI successfully moved above a crucial resistance zone, which has now flipped into strong support (marked in the red area on the chart). The breakout occurred at the $1.70 level, where PI overcame selling pressure and surged to its current price of $2.14.

Pi Network (PI) Hits $2: Could This Crucial Factor Trigger a Move to $3.14? image 1 Pi Network (PI) 2-H Chart/Coinsprobe (Source: Tradingview)

If bullish momentum continues, PI could approach psychological resistance levels between $2.30 and $2.40. However, in case of a pullback, the $1.70 support zone will be critical for maintaining the uptrend.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

 

 
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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