Story Highlights

  • The price of Pi coin surged over 35% today, with a trading volume of $3.48 billion, making it one of the best-performing altcoins.

  • However, technical indicators show mixed results, highlighting increased volatility.

  • The sustained bullish momentum may drive the price up to the upper target price of $3.50 this week.

After the mainnet launch on February 20, the price of PI coin experienced a significant drop, followed by strong bullish momentum. This led to its value reaching a high of around $3.00. Therefore, investors are curious about questions like 'How high will Pi coin go?' and 'Why did the price of PI coin increase today?'.

Planning to invest in Pi altcoin before the altcoin season begins? In this article, we reveal market trends and potential short-term PI coin price analysis for you at CoinPedia!

The price of Pi has increased by over 300% in the last 7 days!

The price of PI tokens has broken all market expectations, with a significant increase in its valuation. Notably, this altcoin has risen by over 35% in 24 hours, with intraday trading volume surging by 33.16%. Moreover, it has quadrupled from its ATL of $0.6152 in 7 days.

The 50-day EMA has shown a significant increase in the 1H time frame. This indicates that the buying pressure for altcoins in the cryptocurrency market outweighs the selling pressure.

On the other hand, the Relative Strength Index (RSI) has fallen below the overbought range in the PI coin price chart. Additionally, its average trend line is in a downward trend, highlighting a significant increase in price volatility.

How high will the price of PI coin go?

Assuming the market favors the bulls, the price of PI coin may retest its upper limit of $3.0050. Maintaining a price above this level could push the price of this altcoin towards its resistance level of $3.50 in the near future.

Conversely, if the bears regain momentum, this could pull the price towards its important support level of $2.5425. Additionally, if bearish sentiment intensifies, the Pi Network token could drop to its key support level of $2.0575.