Date: Wed, February 26, 2025 | 01:01 PM GMT
Despite the overall downturn in the cryptocurrency market, Pi Network (PI) has displayed remarkable bullish performance, soaring over 32% today. This surge has further fueled its strong rebound from its all-time low of $0.60, bringing its total recovery to over 229%.
Source: CryptoRank
Key Breakout Sparks Rally
Today’s bullish move was triggered by a key breakout as PI successfully moved above a crucial resistance zone, which has now flipped into strong support (marked in the red area on the chart). The breakout occurred at the $1.70 level, where PI overcame selling pressure and surged to its current price of $2.14.
Pi Network (PI) 2-H Chart/Coinsprobe (Source: Tradingview)
If bullish momentum continues, PI could approach psychological resistance levels between $2.30 and $2.40. However, in case of a pullback, the $1.70 support zone will be critical for maintaining the uptrend.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
