The post This Pattern Hints Pi Network Price Could More Than Triple appeared on BitcoinEthereumNews.com.

Pi Network price has had a great run this year as anticipation of the upcoming mainnet launch happened. The coin has risen by 80% even though its volatility has increased significantly in the past two months. Technicals suggest that the Pi coin price could explode higher or even triple in the coming months. Pi Network Price Chart Points To More Gains The Pi coin price IoU has had an eventful performance this year. It initially started the year at $33 and then surged to $122.04 in March as the crypto bull run intensified after the approval of spot Bitcoin ETFs. It then retreated and bottomed at $29.3 in September and went parabolic to near $100 in November.  Jasmy then crashed and bounced back to $90. This price action happened mostly because of the performance of Bitcoin, the biggest crypto in the industry. It also happened as the Know Your Customer (KYC) verification continued.  Technicals suggest that the Pi Network price has more upside as we predicted last week. In that article, we looked at the daily chart, which showed that it was forming a series of higher highs and higher lows.  The weekly chart shows that the coin has been in a steady uptrend and is now hovering slightly above the middle line of the regression channel. It is also slightly below the key S/R level at $63.  Also, the Awesome Oscillator indicator has moved above the zero line. The AO is a popular indicator that measures an asset’s momentum by comparing the current momentum and the onger one. An AO above the zero line is seen as a bullish sign. The Relative Strength Index (RSI), a popular momentum indicator, has also moved above 50. Therefore, a bullish breakout could see it rise to the year-to-date high of $130, followed…

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Filed under: News - @ December 16, 2024 5:20 pm