The price of PI Network displays Bothing panels after having rebounded by more than 80% compared to its lowest level in April.
The Pi Coin (PI) token jumped at a summit of $ 0.7,375 this weekend while investors bought the decline. It has climbed to its highest level since March 31, its daily volume increasing by more than 80% to more than $ 700 million.
The token increased while the crypto industry was stable in the middle of the current commercial nervousness. The best cryptocurrencies like Bitcoin (BTC) and Solana (Sol) have rebounded this week. BTC increased to $ 84,000, while Solana jumped at $ 130.
Traders believe that the federal reserve will take place as the economy absorbs Donald Trump’s prices. In a declaration to the Financial Times, the president of Boston Fed, Susan Collins, confirmed that the bank was ready to intervene to support the economy.
Pi Network Price also jumped while investors bought the decline after crushing more than 86% on its highest point in February. Some of these participants considered the crash as a good deal.
There is optimism that certain exchanges of large 1 level 1 list the room later this year. The most likely will be Binance, whose members of the community approved its list in February.
The other potential exchanges that can list it are Coinbase, Kraken and Upbit. The main reason is that these exchanges will want to take some of the negotiation costs that currently go to exchanges like OKX and Mexc.
The other potential catalyst for the rebound in the Pi Coin price is the launch of Burning. Burning will help compensate for the impact of current tokens unlocks and mining awards.
Analysis of PI network prices
The 4H graph shows that the price of the PI part has rebounded in recent weeks, reaching the level of key resistance of $ 0.7385. This rebound occurred after the token formed a corner diagram falling between February and earlier this month.
Pi Network has now exceeded the mobile average of 50 periods, a bullish sign. In addition, the best oscillators as the relative force index and the impressive oscillator all pointed out, indicating that he has grown.
Therefore, the token will probably continue to increase while the bulls target key resistance to $ 1.7365, the highest swing on March 13. A transition to this level indicates an increase of 135%.
However, there is also a risk that the rebound in progress is part of a bull trap because it has formed a small upright corner pattern. If this happens, there is a risk that it will drop and hold support to $ 0.40.
