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Pi Coin has recently caught the attention of traders with notable price movements. In the last 24 hours, it has gained over 27%, trading at $1.64. Despite experiencing a significant drop following the mainnet launch of Pi Network, the coin’s recovery above $1.50 has sparked optimism among traders. Technical indicators also support this upward trend, with forecasts suggesting a potential price target of $3.14 if the momentum continues.
Factors Supporting the Rise of Pi Coin
Several key factors are contributing to Pi Coin’s value increase. Prominent among these are the surge in trading volume and robust technical formations. Developments in these areas may lead to even higher prices, according to market analysts.
Recently, the trading volume for Pi Coin has significantly increased. With growing investor interest, the volume reached $1.53 billion, indicating that larger investors are entering the market. Additionally, a strong “Cup and Handle” pattern appears on the altcoin‘s price chart, typically regarded as a powerful technical signal indicating a bullish market trend. The RSI indicator also shows that buying pressure remains strong.
Increased Investor Interest with Ongoing Exchange Listings
The listing of Pi Coin on major exchanges has significantly impacted its price movements. Developments such as new exchange listings and survey results for these listings have heightened investor interest.
Currently, Pi Coin is traded on five major exchanges: OKX, MEXC, Bitget, GateIO, and Pionex. This expansion has made it more accessible to a larger pool of investors, positively influencing the price. Furthermore, a recent Binance survey indicated that 85% of participants support Pi Coin’s listing. Although no official announcement has been made yet, investors believe this could create substantial opportunities for Pi Coin in the future.
