Analyst Explains Why Price Will Surge To $3.14 Next
Pi Coin has soared more than 27% recently and is now trading for $1.64. Despite the tough start and massive drops of more than 100% after the initial launch, the coin made a comeback. Speculation is growing, especially above $1.50 above the price rise, which has sparked optimism among investors. RSI has remained higher, indicating strong momentum, and the breakthrough for players who are bullish on the top $1.10 has also been strengthened. If the current price continues to decline, the PI coin may rise to $2 in the short term.
The key driver behind this positive sentiment is the result of a Binance poll, where 85% of voters said they wanted to list Pi Coin on the exchange. Although no official announcement has been announced, this high level of interest has sparked hope for a listing. According to analyst Kim Wong Several factors have led to the price increase of Pi Coin:
Increase transaction volume: The transaction volume increased significantly compared to just two days ago, indicating a large amount of capital flowing into the PI coins.
Attractive price changes: Traders are excited about the large price movement of Pi, which has risen above 101% to $1.48. Trading volume also soared to $1.53 billion, further exacerbating interest rates.
List of major exchanges: PI coins have been listed in five major exchanges – OKX, MEXC, BITGET, GATEIO and PIONEX. This increased exposure attracted more buyers.
Bullish chart pattern:PI coin price chart shows bullish cup and handle patterns, indicating strong breakthrough momentum. This may lead to price increases.
With these factors, Pi Coin is expected to challenge its previous $2.20 high and potentially move towards $3.14. Analysts predict that $3.14 could be a key price target in the near term.
