๐ฅ Pi Coin (PI) short-term price analysis ๐๐
PI Coin flips $HBAR and $TON, the price surges to $1.28 for the first time after 18 March 2025. PIcoin spiked from 27th place to 16th 16th-largest cryptocurrency by market cap of $9 billion.
Its volume surpassed $1.2 billion, spiking by 200%, and is the biggest gainer among the top 30 largest cryptos by market cap.
๐ Technical Analysis
PI chart shows a clear "cup and handle" breakout pattern in PI/USD, confirming bullish momentum. Price surged past $0.75 resistance and reached $1.27. A positive crossover between 50 and 100 EMA triggers a bull signal. Further, the 4-hour RSI has crossed into the overbought territory.
A bullish surge to surpass the $1.4468 zone might push Piโs coin price to the next resistance at $1.8035 in the next 2 days.
$Pi is rising, whatโs going on? ๐ค
The Pi Core team has previously hinted at a major announcement on May 14, sparking waves of enthusiasm among investors. The whale activity has surged: One whale moved 70M Pi coins off exchanges, resulting in the first surge, and another 20M Pi were moved from OKX shortly after. Due to these massive transfers, retail interest sured.
There is also speculation that a possible Binance listing under the new token listing criteria.
