After months of silence and a sharp drop in prices, Pi Coin is suddenly back in the spotlight. In just one week, it jumped out of 50%, with a gain of 24% in the last 24 hours only, making it one of the most efficient parts of the week. So, what leads the price of the PI room, let’s discover it?
Why the price Pi Pile Pumped
Pi Network Coin, known for its mining system “Tap to Get”, finally broke out its long downward trend. The token is now negotiating almost $ 0.75, the negotiation volume reaching $ 474 million, up 194% in just 24 hours. It is a huge leap and a sign that investors are once again showing interest.
One of the main reasons for the price increase is the last technological deployment of the PI network – satellite mode. This new feature allows users to access the PI network, undermining parts and using applications without the need for the Internet.
Yes, it’s true, no wi-fi, no 4G, just a satellite support.
Another reason why the Pi Coin price increases is that the Fed recently lowered interest rates to 2.4% to help control inflation. When the rates are low, people often look for better ways to develop their money, and this is where crypto like Pi Coin can draw more attention.
Key system upgrades
In addition to that, Pi Network has launched two important friendly updates:
Quick kYc process: Users can now finish identity verification in less than 5 minutes.
Access to a portfolio in a turn: New users can instantly activate their portfolios and start using the PI ecosystem immediately.
Analysis of the PI but $ 1 part
Looking at the 4 -hour Pi Coin prices, he shows the formation of a strong bullish pattern. Meanwhile, the technical indicators suggest that the RSI has increased to 75, showing high purchase pressure. In addition, the MacD has formed a positive signal, supporting the idea that PI can increase more.
Currently, PI is loud above the level of support of $ 0.70. If he continues to go up and exceeds $ 0.82, the next target could be $ 1.
