Krutika Adani
Pi Network (PI) skyrockets 70% in 24 hours, pushing its market cap to $16B and trading volume past $3B. Will this rally continue, or is a correction coming?
Pi’s Average Directional Index (ADX) surges from 12.3 to 57.7, confirming a powerful bullish trend. Buying pressure dominates—could $4 be next?
Despite the surge, Pi’s Bollinger Bands Trend (BBTrend) drops to -11, signaling possible overextension. Could a correction to $1.7 or lower be on the horizon?
Momentum is strong, with Pi breaking the $3 barrier. If bulls push further, resistance at $3.5 and $4 could be tested soon.
While technical indicators hint at a pullback, market hype could fuel another leg up.