Pi coin has seen a volatile week, dropping to a low of $0.608 before recovering.
The price has found strong technical support in the $0.620-$0.625 range.
A recent 22% surge in trading volume suggests renewed buying interest at these levels.
Pi coin has experienced a volatile week of trading, marked by a sharp decline and a subsequent gradual recovery that suggests a sentiment of cautious optimism is returning to its market. As of press time, the token is priced at $0.6432, up nearly 1% in the last 24 hours.
The price recovery is supported by a significant 22% increase in trading volume, indicating that renewed interest is emerging at these lower price levels. This comes after a period of selling pressure that analysts attribute to broader market sentiment shifts.
PI Coin Price Sees Sharp Weekly Drop and Slow Recovery
At the beginning of the week, PI was trading around $0.6494 and remained stable. Nevertheless, the price began to drop quickly between June 5 and June 6 sharply plunging to roughly $0.608. This was a massive weekly drop of around 2.5%.
Analysts added that the sharp fall was attributed to bigger market sentiment shifts, mainly by large-s…
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