- Pi Coin price is not trading with any fiat currency.
- In the last 30 days, 40% of the time PI price was trading positively.
Pi Network warns against unauthorized exchanges listing Pi or its derivatives during the Enclosed Mainnet period. It reaffirms no ICOs or crowdfunding and advises users to trust only official sources.
Developed by Stanford PhDs, Pi Network offers mobile mining, eco-friendly blockchain, fair distribution, and a developer platform for decentralized apps.
The market cap of the Pi Coin is trading flat over the last 24 hours, while the trading price of the crypto has advanced by 22%. Moreover, the market cap ranking of the crypto is #3099 as per CoinMarketCap.
The value of the traded volume for the Pi coin has witnessed a slight advance of 0.47% over the last 24 hours. This further results in a volume/market cap ratio of 0.01% which is very low for a crypto to be liquid.
The value of the traded volume of the crypto in the last 24 hours is $370K and the market cap of the crypto is worth $3.128 Billion. The price of the Pi coin is currently trading at a level of $46.19 at the time of writing.
The self-reporting circulating supply of the crypto is 68.0 Million PI which is 0.07% of the maximum supply of the crypto. Also, the total supply of the crypto is similar to its circulating supply.
The maximum supply of the crypto is 100.0 Billion PI and the fully diluted market cap of the crypto is $4.443 Billion. The sentiment of the crypto further is bullish as per Coincodex.
The supply inflation of the crypto is also not disclosed while the price of the crypto is highly volatile resulting in a volatility of 5.56%. The fear and greed index for the crypto is also showing greed among the investors.
On December 30, 2022, the price of the PI crypto hit and all-time high price of $330.65. The price of the crypto further has declined by 86% since then. Moreover, the all-time low price achieved by the crypto was $0.1794 on April 07, 2024. The price of the crypto since then has witnessed an advance of 25545%.
PI Crypto Technical Analysis
The price of the PI crypto is trading inside a symmetric triangle and has been consistently facing rejection from both the dynamic trendlines of the crypto. The price of the crypto further broke out above the pattern but failed to sustain above the breakout zones.
The breakout attempt of the price failed which led to a strong sell-off in the price of the crypto. This led to the price inside the symmetric triangle pattern. Further, if the price of the crypto breaks above the pattern and gives signs of confirmation of sustainability above the breakout zones. A further surge in the price of the crypto might be seen.
PI/USDT Chart by TradingView
The price of the PI crypto is advancing to higher levels after taking support at the 200-day EMA. Furthermore, the 50-day and the 200-day EMAs are trading in a golden cross. The price also has broken above the 20 and the 50-day EMAs.
The MACD and the signal line have declined below the zero level but have formed a fresh golden cross of the metrics. If the following lines further rebound above the zero level followed by a bullish crossover, a further surge in the crypto might be seen.
The RSI is following a bullish cycle and after slowly declining to lower level levels it has recently broken above the 14-day SMA and 50-level. This further shows a bullish momentum of the PI crypto price.
Summary
Despite a recent decline from its all-time high, PI coin is showing bullish signs. Trading within a symmetric triangle, it aims for breakout confirmation. Supported by the 200-day EMA, with the 50 and 200-day EMAs in a golden cross, along with positive MACD and RSI, a surge is anticipated.
Technical Levels:
- Support Levels: $17.840 and $35.310
- Resistance Levels: $83.80 and $121.950
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.