PI at a crossroads: Will the bulls attack, or will the bears break the barrier?
With a 7% increase, PI stock is trading at $0.6222.
Daily trading volume has surged by over 232%.
The cryptocurrency market is experiencing a recovery. All major assets are shining green on the chart, breaking through nearby resistance levels. Among the altcoins, PI coin recorded a strong increase of over 7.21% in the last 24 hours.
In the early hours of trading, the asset was traded at its lowest level of $0.5774, and the upward wave pushed the price up towards $0.6486. If it tests the main resistance areas, a strong upward correction may be reinforced.
At the time of writing this report, PI coin was trading within the range of $0.6222, with a market capitalization of $4.38 billion. Meanwhile, the daily trading volume of the asset rose by over 232%, reaching $128 million.
Will the PI index remain stable or decline?
The four-hour candlestick chart for PI indicates the beginning of a recovery. The stock's target at the resistance level of $0.6342 may trigger a strong upward correction. Assuming the stock builds an upward area, it could initiate an upward wave, pushing the price to $0.65.