On February 20, 2025, Pi Network launched its open mainnet, allowing users to freely trade Pi Coin. Pi Coin was trading at $1.6, but it experienced significant volatility, falling 97.57% to $0.7584 on February 21, 2025.
As of today, February 22, 2025, Pi Coin is trading at $0.7142, with a 24-hour trading volume of $434,199,933. The coin has seen a 19.01% decline in the last 24 hours.
Key Levels:
Support: $0.676027
Resistance: $0.754082
Forecast:
Bullish Scenario: A break of the resistance at $0.754082 could push the price towards $0.80.
Bearish scenario: Breaking the support at $0.676027 could lead to a drop towards $0.65.
Recommendations:
Buy: Upon break of $0.754082, with targets at $0.80.
Sell: Upon break of $0.676027, with targets at $0.65.
Risk Management:
A suitable stop loss should be placed below the support levels to avoid high risks.
Disclaimer: The analysis mentioned is for educational purposes only and does not constitute investment advice. It is always advisable to conduct your own research and consult a financial advisor before making investment decisions.