Pi Coin is one of the well-known altcoins of 2025. However, macroeconomic events affected the token’s integrity and decreased prices. Then, the tides changed, and the token managed to rise again.
After months of slumping, the token is back on the rise. In the last 24 hours, it saw a sharp rise of 35%. Due to this rise, it exceeded $1.28. Factoring in last week’s growth, it grew by 114%. This sharp movement is due to sharp accumulation.
The price action has increased the overall trading volume, where the token spiked over $1.4 billion, a 152.8% growth. Even though the price action shows a positive trend, analyst data suggest that the token is still 57.3% down from its ATH of $2.39, as recorded on February 26th.
Technical Analysis Of The Pi Coin Price Action
The technical analysis of Pi coin states that the token has managed to break out greatly after a long accumulation phase. Price action noticed that the token has climbed above key averages like the 10-day, 20-day, and 50-day SMAs and EMAs.
As a result, all the signals point towards buying. Meanwhile, the token’s RSI is at 85. Therefore, this suggests that the token is currently overbought. However, strong trends can place a token in the overbought bracket, but it still shows a positive climb.
Analysts believe the token will gradually rise, but there is a slight chance of a pullback. There is a chance that the token will eventually fall below the $1.12 mark for a short while. Therefore, traders need to remain patient and not lose their cool.
