Predicting the price of Pi Coin: The next big move is about to happen - Are you ready?

Anyone holding Pi coins may be quite pleased with the price action since its launch on February 20th. The price has fluctuated up and down, and over the past week, it has traded in the range of 1.60 to 2.00 dollars. The chart shows a symmetrical triangle pattern, formed by converging trend lines. Pi Coin has consolidated between support and resistance lines, forming lower highs and higher lows as it approaches a decisive breakout point. The support line can be seen as the trend line in purple moving lower from left to right. This line represents the area where buyers often step in to prevent further price declines. Each time Pi Coin touches this line, it will bounce back, indicating strong demand at those levels. Currently, this support zone is around $1.80.

On the other hand, the resistance line appears as a purple trend line above moving from left to right. This is where sellers push the price down, preventing it from rising too high. When Pi Coin reaches this line, it is rejected and moves down. The resistance zone currently fluctuates around the $1.90 - $2.00 level. Predict Pi Coin Price As Pi Coin approaches the peak of this triangle pattern, traders are watching for a potential breakout. If the Pi Coin price surpasses the upper trendline, it could lead to a significant price increase of about 64%, potentially reaching the $3.00 mark as indicated by the projected blue shade vertically on the chart. On the contrary, if the price breaks below the lower trend line, the price may decline to the previous support level, which could be around $1.50 or lower. The relative strength index (RSI) is currently at 46, basically in the neutral zone. This means there is currently no strong buying or selling pressure. RSI is not in the overbought zone ( above 70 )nor in the oversold zone (below 30 ), indicating that a breakthrough may still have room to run in both directions. To confirm the price increase momentum, traders will want to see the price break through the triangle while the RSI is moving above the 50-55 level, signaling increasing upward momentum. The key levels to watch are the support level at $1.80 and the resistance level near $2.00-$2.20. Whether Pi Coin breaks or falls out of this pattern may determine its next major move.