Pi Network Coin Price Today: Pi coin price continued the upward trend

Pi Network Coin Today: Pi coin price continued the upward trend for the second consecutive day after being nosedived to nearly $1 earlier this week

Pi Network coin price continued the upward trend for the second consecutive day after being nosedived to nearly $1 earlier this week. At the time of writing Pi Network coin was trading at $1.17, up 1.78% in the last 24 hours. The 24-hour trading volume for the cryptocurrency fell massively by 29.75% to $355.57M, showing a fall in buying and selling in the time frame.

The price of Bitcoin today hovered in the range of $67,000, and it rose by 0.78% in the past 24 hours. At press time, BTC price was at $67,111.8 and the cryptocurrency's 24-hour trading volume was $16.46 billion.

Also, Ethereum price today surged by more than 2% and went past the $2,000 mark again. At the time of writing, ETH price was at $2,004.4, showing a 24-hour price gain of 2.49%.

The crypto market cap today surged to $2.79 trillion, showing a 1.79% rise in the last 24 hours.

Top Crypto Price Today

Cryptocurrency Price

24-hour Price Change

24-hour Volume

Bitcoin (BTC)

$67,111.8

0.78%

$16.46B

Ethereum (ETH)

$2,004.4

2.49%

$11.84B

Solana (SOL)

$90.04

1.14%

$1.34B

Polkadot (DOT)

$10.04

1.66%

$1.12B

Aave (AAVE)

$84.41

2.38%

$469.31M

What Next For Pi Network Coin?

The Pi Network coin price is expected to rise further if the buyers can push the price above the $1.20 mark. However, if the sellers manage to break the support at $1.10, then the coin could fall to the next support level at $1.00.

The technical indicators suggest that the coin is in an uptrend, but the momentum is starting to wane. The Relative Strength Index (RSI) is currently at 50, indicating that the coin is neither overbought nor oversold.

The coin price is expected to find support at the 50-day Exponential Moving Average (EMA) and resistance at the 200-day EMA. A breakout above the 200-day EMA could open the door for a move to the all-time high of $1.80.

Overall, Pi Network coin price is showing signs of recovery after a sharp decline earlier this week. The coin could rise further if the bulls can maintain control. However, if the bears regain the upper hand, then the coin could fall to the next support level at $1.00.

Also Read: Best Cryptocurrency To Invest In 2023

On the other hand, major cryptocurrencies like bitcoin, Ethereum, and Solana were trading in the green after The US Fed decided to keep the interest rate unchanged for the second consecutive time.

The bank's monetary policy decision, which was largely anticipated by economists, will keep borrowing costs at 5.0 to 5.25%. The projections from Fed officials showed a slight increase in their median forecasts for the 2024 economic growth and a decrease in their outlook for inflation.

At the time of writing, the global crypto market surged 1.79 per cent to $2.79T over the last day. The total crypto market volume was $105.91B in the same time frame, an increase of 48.49%. The total volume in DeFi was around $6.96B, a contribution of 6.57% to the 224-hour trading volume. While, the volume of all stablecoins is $100.7B, holding 95.08% of the total volume of the pto market.

This article is written with the help of AI and machine translation.