$PI Coin has been on an upward trajectory over the past 24 hours, getting closer to the coveted $1 mark after dipping to lows of $0.86. Currently, it’s trading at $0.99, reflecting a gain of over 5% in just one day. This positive momentum has sparked curiosity about whether #Pi Network can break through the $1 barrier and continue its ascent.
Next Target: $1.35, but $1.20 is a Major Hurdle
Despite these recent gains, $PI Coin is facing a challenge at the $1.20 mark. If it can overcome this resistance, it might aim for $1.35, which is a significant milestone for the coin. However, breaking through won’t be easy, as PI$PI has demonstrated some volatility. Should it surpass $1.90, analysts believe a rally toward $3 could be within reach.
Market Cap Drop: Challenges Ahead for Pi Coin
In the last week, $PI market position has been a bit shaky, dropping from the 11th to the 21st spot in terms of market cap. While this decline is concerning, it’s worth noting that Pi still has the potential for recovery.