PI Coin Price Surges 726% at Launch—Will It Hit $2 Soon? | Airdrop Alert Pro

The launch of PI was one of the most fascinating events in the crypto industry last week. February 20, that day When publishedPI price marks a huge increase of 726%. On the same day, the market closed at least 60.89% as early adopters rushed to cash in on their shares. In addition, on February 21, the market fell by nearly 18.24%. However, the market rebounded strongly. Between February 22 and 23, the market’s growth rate was 115.66%. Diving into more details?

PI token release and initial sale

PI was officially launched on February 20. At the beginning of that day, the PI was $0.105. Once, the price was as high as $2.203. By the end, the seller raised the price to around $0.8726, causing the market to close at least 60.89% of the peak of the day.

Experts believe that the initial sales pressure is Active sales activities Early adopters.

On the second day of the release, the price of the PI fell from $0.8726 to $7173, marking a serious daily decline of 18.24%.

Pi’s price recovery and strong bullish momentum

On the third day of release, the market showed the first sign of recovery. That day, the market reported a single-day increase of 79.18%. The market has soared about 113.03% since February 22.

As of now, the PI price is $1.5318.

PI technical analysis shows upward trend

The RSI of PI was evaluated on its four-hour chart at 57.81. This clearly shows that the market has strong potential in the coming hours.

Interestingly, the current power reading balance of PI strongly supports PI (Relative Strength Index) RSI reading convex.

The report shows that the PI market is currently trading above the uptrend line. This is also a strong bullish signal.

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Future price forecast – Will the PI reach $2?

Last week, Binance initiates voting processseek user opinions on whether PI is listed on the exchange. Almost 86% of respondents voted for listing during the process.

If Binance lists PI, it will drive PI to be more expensive.

Experts predict that if demand for PI remains high, the PI price could be as high as $2.

At the same time, experts also predict that if profits increase, the price may drop below $1.60, even as low as $1.34.

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