$USDC The daily price chart for Pi (PI) reveals a clear price compression that may lead to a bullish breakout in the foreseeable future.

The price of Pi (PI) has increased by 0.6% over the past 24 hours to reach $0.5818 amid a recent decline in prevailing selling pressure. Additionally, trading volumes have significantly decreased to nearly $38.4 million after daily trading volume approached $1.5 billion at the beginning of April; typically, low trading volume indicates a waning interest among traders, and the price is currently stabilizing within a narrow range, often followed by a significant bullish breakout. In our price forecast for Pi, we will discuss the likelihood of it rising to new higher levels or falling to lower support levels amid volatility on the horizon.